I try to replicate the model of Gali and Blanchard (2010) and try to evaluate the welfare loss under second order approximation. but there are some errors in the code. I don’t know where is the mistake., if you could help me please? Actually, I am new user in DYNARE
sorry for taking this time, I do as you mention. but there is an error includes:
Y is not a parameter !
even I put in the variable, I know isn’t parameter. how I can solve this problem.
Dear Professor,
Could I ask If I want to transform the Phillips Curve from Linear to non- linear equation (in levels). I write the equation which I had. I follow some posts on the forum. but I couldn’t understand what’s the steps to transform, can you help me with this point? Thanks a lot
Dear jpfeifer,
I am a new user in Dynare and I am studying the model of Blanchard and Gali (2010), but there are some errors in the code. Would you please share the code with me?