Replicating the 3 D model with Dynare

Hi,

I want to replicate the Clerc et al (2015) model with banks and macroprudential policy (capital requirements) with Dynare. I don’t know the code. What can I do?

Thanks

What is the exact reference? You should ask the authors for their codes.

Thank you very much for your question. I 've uploaded the paper for you.

Clerc et al (2015)_Capital regulation in a macroeconomic model with three layers of default.pdf (2.0 MB)

I’ve asked the authors several times for additional information so far. Unfortunately I got no answer.

Could you help me, please?

Then there is not a lot you can do. You can only try to code up the model yourself.

Do you think it will be possible for someone who is a beginner in using dynare? I know the Clerc et al (2015) 3 D model, but I do not know how to code such a complex model.

Which first steps would you recommend to do this challenge?

The issue is not Dynare but the DSGE modeling part. Given that the model is very complex and there is not list of equations and no steady state computation provided, that is a very hard problem.

If I were able to list all equations of the 3 D model, would this be a useful first step?
Do I find a steady state solution in the paper?
Do you have other recommendations for me?

I’m a beginner in DSGE modelling, but find this model attractive to deal with. Unfortunately the authors hadn’t answered to my questions so far.

This is not a model for beginners. Listing all necessary equations is hard as papers often plug equations into each other and you need to identify the N equations in N unknowns that are relevant and not redundant.

AFAIK there is no steady state solution in paper. You would have to compute it yourself.

My recommendation would be to start with a simpler model and add the features you find necessary from that paper.

Is there a simple DSGE model, perhaps with banks, you would recommend?

You may want to have a look at the Macroeconomic Model Database (https://www.macromodelbase.com/) to see whether there is anything close.