Replication attempt for Uribe and Yue(2003)

General DSGE Modeling Replication Attempts
1

Hi everyone, has anybody worked on Uribe and Yue(2003) paper? Is it possible to replicate it using Dynare or does it require a global solution method? It may be a trivial question but how can I understand if a paper requires global solution method?

2

Are you referring to Uribe/Yue (2006) “Country spreads and emerging countries”? That paper should be replicable in Dynare. All inequality constraints are assumed to be binding

3

Thank you very much. I will try.

4

Good afternoon Ian,

I am also trying to replicate the said papper DSGE model in dynare. Did you manage to do it?

I just cant find the stationary state. Its probably a problem in one of the equations, but i am not finding the source of the problem and matlab just doesnt seem to be able to calculate the stationary state from my code.

UribeYue2006.mod (7.1 KB)

5

If you are not computing the steady state analytically, provide explicit initial values. For example yy cannot be 0.