I have just a simple question :slight_smile:…how do I know WHERE to put (exp) in dynare when I rewrite costraints into dynare code? What is the rule? Could someone give me simple example please??? I really do not know :/…i just know that exp is exponencial function.

Thanks a lot

Please have a look at Pfeifer(2013): “A Guide to Specifying Observation Equations for the Estimation of DSGE Models” at sites.google.com/site/pfeiferecon/Pfeifer_2013_Observation_Equations.pdf.