Hi Guys,
I have a quick question. If my model (the files are attached below) is not linearized around the steady state in the mod file, then for the estimation of the parameters, do I have to use the HP filtered data or not?
Thanks a lot in advance.
Best,
paramJN.m (1.61 KB)
djk_shrunk_steadystate.m (3.62 KB)
djk_shrunk.mod (2.72 KB)