Hi,
do you know if there’s an example/replication of Guerrieri and Iacoviello 2015 paper using the Dynare Occbin syntax?
@jpfeifer Is there any model description for the model with two constraints? I also looked at Occbin paper and the toolkit readme but couldn’t find one.
*Edited: Just realized that this model is a simple extension of the model with irreversible investment given this the paper. As explained in the Dynare code, this constraint
… implements quadratic capital adjustment costs if investment falls below its steady state. If investment is above steady state, there are noadjustment costs
Yes, that example was contained in the original toolkit.