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 …

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 yo…

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

Dynare Forum

IRFs/steady state question

Steady state

jpfeifer 23 July 2022 06:39 2

See

Impossible to find the steady state:Cicco, Pancrazi, and Uribe (2010) Steady state

Don’t do a full exp()-substitution. Append auxiliary variables. See Question about understanding irfs in dynare

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