Hi everyone,
Does anyone know how to replicate “New Perspectives on Monetary Policy, Inflation, and the Business Cycle.” by Gali in 2002 or have the dynare code about that? I found that the matrix (equation26) is different from the baseline NKM from Gali’s book. So does it mean I just need to replace the NKPC, IS and policy function by the new three equations I got from the paper?
Hi,
Have you got the dynare code for Figure 3 and 5 in Gali’s paper 2002? If yes, could you share the code with me? Thanks a lot!
All the best!