I am relatively new to Dynare and I tried to run the codes you provided on Github for chapter 7 in Gali(2015). Doing this I am confronted with some problems:
- As you mention this in the preface, first I should set the taylor_rule= 1 (the other equal 0), then optimal_policy=1 (the other equal 0), and then simple_rule_unemployment=1(the other equal), but when I try the first one out it says that there are many variables not assigned in the steady_state_model-block and there are not enough input arguments. When I try the second option it says "Some of the parameters have no value (lambda_p, lambda_w) when using stoch_simul. " but actually they are included in the steady_state_model. The same happens when I try the third option.
So, what am I doing wrong, did I forget sth. ? I would highly appreciate if anyone could help me out of this. I’ve spent two days trying but I actually do not come ahead.
By the way: Many thanks to jpfeifer for providing and sharing open research. Without your research, it would be quite impossible for students to get their hands dirty with DSGE modelling.