I have recently implemented a basic NK model, with four agents: households, firms, monetary and fiscal authorities. I want to estimate this model for Romania. I attached below the mod file and the data that I used. I do not know if the results look ok, I am new at dsge modelling, I tried estimating the parameters by looking at other papers that were made for Romania. I just want to know if they seem correct, so I can continue the research for this type of models. I have read some guides and examples in order to understand the mechanism, so I am not completely outside the subject. Thank you in advance.
Dynare.xlsx (13.2 KB)licenta2.mod (1.4 KB)