I am simulating an extension of the New Keynesian model with a fiscal sector and a tax on labour that is set as a parameter. I would like to simulate the model with all values of the labour tax parameter between 0 and 1 and generate a graph of the responses. I have two questions:
- Am I right in thinking that this is called “looping parameters”?
- Can someone link me to/provide me with a detailed explanation of how to do this in Dynare?
I apologise in advance if this has been addressed in older posts but I’m having trouble understanding the process. I attach the mod file in case it helps.
BaselineRules.mod (4.3 KB)