Ehl model

Dynare contributions and examples
1

dynare code for a sticky wage and price model: Erceg, Christopher J. & Henderson, Dale W. & Levin, Andrew T., 2000. “Optimal monetary policy with staggered wage and price contracts,” Journal of Monetary Economics, Elsevier, vol. 46(2), pages 281-313
ehl2000.zip (995 Bytes)

2

Dear Brazdik,

Can you please email me the .mod file (dynare code) for the Erceg, Christopher J. & Henderson, Dale W. & Levin, Andrew T., 2000 paper?

My email address is:

eric.schaling@up.ac.za

Best regards

Prof. Dr. E. Schaling
South African Reserve Bank Chair, University of Pretoria
and CentER for Economic Research, Tilburg University, The Netherlands
Pretoria 0002
South Africa
Phone + 27 12 420 3820 (direct)/ 2423 (Sindi Magwaza)
Fax + 27 86 514 1175 (direct)
E-mail eric.schaling@up.ac.za
Web center.uvt.nl/staff/schaling/

3

Hello Brazdik,

Can you, please, send me the mod file for the EHL model? I have tried to run the attachment and the error described above occurred:
My address email is: ionita_alina1990@yahoo.com

Starting Dynare (version 4.4.0).
Starting preprocessing of the model file …
WARNING: ehl2000.mod:7.1-12: periods: this command is now deprecated and may be removed in a future version of Dynare. Please use the ‘‘periods’’ option of the ‘‘simul’’ command instead.
ERROR: ehl2000.mod: line 74, cols 13-21: dr_algo=1 option is no longer supported
Error using dynare (line 156)
DYNARE: preprocessing failed

Thanks,
Have a nice day,

4

Here is a version for Dynare 4.4. Correctness of the model has not been checked.
ehl2000.mod (1.55 KB)
ehl2000.mod (1.55 KB)