Thank you very much. I finally came out with a “solution” from this topic @ Taylor Rule and Forward Guidance suggested by @valerio88 . I completely shut down the Taylor rule using R=R_ss*exp(nu).
testinf31.mod (12.2 KB) parameter_testinf31.m (1.5 KB)
But I still have some trouble:
1-The model find a solution in this context with the Rotemberg setup (figures below) but fail to solve the perfect foresight with Calvo setup. Do you have any idea of what may cause this problem?
2-When I try the same simulation with the Taylor rule R/R_ss=(R(-1)/R_ss)^rho_r*((exp(pi)/exp(pi_ss))^(phi_pi)*(Y/Y_ss)^(phi_y))^(1-rho_r)*exp(nu) , the model run in both specification but there is no anticipation movement (figure below). Is this normal?
