Hello guys, myself Emmanuel Katto and I’m from Uganda (Africa). I want to know how can I add a new extension in DSGE model?
This is not a correct approach in my opinion. First you need a macroeconomic research question and try to reason how a standard DSGE model can kickstart your process of answering the question that you have in mind. Next step would be to modify your model in order to custom fit your research question. Hope that helps.