I would like to know how I can manually generate the IRFs when nominal interest rate is fixed at an exogenous leve.
I simply set r=exogneous level(say 0.625) in the model block, while the Dynare generated errors as below:
Reference to non-existent field ‘irfs’.
Error in money1 (line 556)
Error in dynare (line 235)
Please could you help me fix it?
money1.mod (6.5 KB)