Gertler and Karadi (2011) - Modify steady state file

Steady state
1

Dear all,

I am currently updating the steady state file to solve the model by Gertler and Karadi (2011).

Unfortunately, I encounter an error I do not manage to solve:

grafik
grafik511Ă—237 5.67 KB

Can someone help?

All files are attached. Many thanks in advance.
f_KL.m (1.2 KB)
f_mom.m (1.2 KB)
f_simul.m (3.4 KB)
Getler2011.mod (10.8 KB)
NK_GK11_rep_steadystate.m (6.6 KB)

2

Try the attached files that run in Dynare 6:
GK_2011_steadystate.m (5.1 KB)
f_mom.m (1.2 KB)
f_KL.m (1.2 KB)
GK_2011.mod (10.8 KB)
f_simul.m (3.4 KB)

1 Like
3

Many thanks.

Did someone modify the code to get an expression for bank deposits to solve the model with a “Money-in-utility”-specification having deposits in the utility functions?