IRFs/steady state question

Steady state
1

Hello,

I have an issue with the model I am trying to estimate. I defined my variables in logs as I wanted to get IRFs as percentage deviations. However, Dynare says it is impossible to find the steady state. If instead, I redefine variables to be in levels, the code runs fine.

I can’t figure out what is wrong in the code when defining variables in logs. I would appreciate any help.
model_witheb_param.m (1.4 KB)
model_withebpp.mod (2.9 KB)

2

See

3

thanks a lot!

4

Hi,

I have a related question - I was also trying to do the plot of impulse responses in a different way, by using the policy functions instead. However, in this version of the model where I have some variables in period (t-2) and (t-3), my code does not work due to some array indices issue - do you know how I could fix this?

Thanks a lot!
model_witheb_param_3yvest.m (5.0 KB)
model_withebpp_3yvesting.mod (2.9 KB)

5

Sorry, I don’t provide support for dynarerocks-coding. If you want to simulate using policy rules, use Dynare’s simult_-function.