I’m trying to replicate the paper “Closing Small Open Economy Models” (Stephanie Schmitt-Grohe and Martin Uribe, 2003). However, I am not able to insert into the mod file the eighth section, which uses a different utility function to test the sensitivity of the model.
Can anybody help me? Here is the code that I use to replicate model 1 of the article (it would just change the utility function).
caique_1.mod (7.0 KB)
Thanks for the answers !!