Hello! I am trying to replicate the SOE Gali Monacelli 2005, and using this mod file as a guide
Gali_2015_chapter_8_nonlinear.mod (9.7 KB)
It says that:
- When the preprocessor variable FDIT is set 1, it replicates Figure 8.1. For each monetary policy rule, it allows
- replicating the results from Table 8.1.
What are you referring to with this? I managed to run the model, but the only IRF that does not match Figure 8.1 is the nominal interest rate.
Thank you!