Hey everyone, I’m Julio Herrera from Via Dei Vellutini, Italia. I’m having trouble replicating results related to risk premium shocks in the SW2007 model and the Gali-Monacelli (2005) model. I’m also facing difficulties with replicating findings from Galí (2007) regarding heterogeneous agents and government spending. How can I effectively address these replication issues? Additionally, are there any specific best practices for log-linearization in the context of Calvo pricing within the Estimated QUEST3 Model?
You need to explain in more detail what the issue is that you are facing.