Nonlinear/2nd order Smets-Wouters

General DSGE Modeling
1

Hi,

Does anyone have (or know of) any Dynare code for a second order or fully nonlinear approximation to the Smets and Wouters model (or similar)?

Thanks in advance,

Tom

2

For the Smets/Wouters model, the answer is no: see [Smets and Wouters equations in nonlinear form)
For a similar model, see the NK_baseline.mod in the Dynare examples folder.

3

Thanks. This was an old thread! I believe there is actually a version in the model database of Wieland et al now, though I haven’t played around with it.

4

I posted this for future reference as the question regularly pops up and this is the first thing Google spits out. The Macromodelbase only has the linearized Smets/Wouters (2007) model.