hw4fme1.mod (2.1 KB)
hi, I have some issue dealing with TANK model.
I checked the mod file several times and struggling to find the solution,
it would be highly appreciated to let me know what is the problem with this file.
thanks in advance!
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Your Taylor rule must be
r_b/r_ss=(r_b(-1)/r_ss)^rho_r*((pi(-1)/pi_ss)^phi_pi*(y/steady_state(y)))^(1-rho_r)*exp(e_g);
Try computing the steady state analytically.