Dynare Forum
Perfect foresight implementation NK model (Bilbiie & Melitz, 2023)
Perfect foresight simulations
jpfeifer
16 May 2025 19:26
4
You should test bringing the model gradually to the ZLB.
Have a look at the various ZLB implementations in OccBin, e.g.
Occbin simulation does not converge in certain cases - #4 by jpfeifer
They show what the lower bound must be.
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