Hello everyone, this is the error that is being shown while trying to print results,:
Without the mod-file it is impossible to tell what is going on.
code.pdf (66.2 KB)
You submitted a PDF.
Could you submit the .mod file?
NK_TR_ZLB.mod (1.4 KB)
R=max(phi_pi*pi,-log(1/beta)); // Taylor Rule with ZLB
The equation above is problematic.
You should use OccBin to implement the ZLB.
See the manual of the latest instable version of Dynare.
I don’t quite understand, can you please explain a little more?
In a stochastic context you are not allowed to use the
But you can implement the ZLB with the OccBin Toolkit which is already part of Dynare 4.7-Beta.
Have a look at the original paper and Dynare’s manual.
Also note that your mod-file lacks one equation for the variable
Thank you Max , it worked