MXN model replication


Dear all,
I am trying to replicate MXN model in Schmitt-Grohe and Uribe’s Open Economy Macroeconomics Chapter 8. I have trouble in finding the steady states. Could anyone have an idea where am I doing mistake.

Thanks a lot

mxn.mod (14.7 KB)


You need to check the three equations that do not solve, i.e. have residuals.