On the summation of aggregates in the TANK-DSGE modelg

[chenxin]

This is the code I found on this page in the forum.

TANK Model: Residuals of static equations

I am running a calibrated TANK model based on the lecture notes of Valerio Nispi Landi/Gali et al (2007). Despite huge residuals in the static equations I get a (reasonable) solution to the problem, I wonder why. Moreover, I am trying to get the IRFs as percentage deviations. I am aware of the options on how to get them, however, e.g. the loglinear option (see TANK5_revised.mod) and the use of logged auxiliary variables (see TANK7_revised.mod) yield different results, again, I wonder why and whe…

It says here that the code is based on the lecture notes of Valerio Nispi Landi/Gali et al (2007)