First Thank you for being there , please bear with me as I am new starter in Dynare.
I am trying to replicate Gali and Monacelli (2005) following your code, but I am facing the following error. I have noticed that the composite parameter defined just below model(linear) is not used in any of the equations, namely, line: 81 #rho = beta^(-1)-1;
Error using SOE.driver
Error: File: driver.m Line: 289 Column: 1
Invalid text character. Check for unsupported symbol, invisible character, or pasting of non-ASCII characters.
- In line 152: I think it should be e-e(-1)=0 rather than e=0 as under the peg depreciation is expected to be zero. Right ?
SOE.mod (5.6 KB)