Replication of the model of Kiyotaki and Moore (1997, JPE)

General DSGE Modeling Replication Attempts
1

Sims_MATLAB and Dynare Codes.pdf (10.7 KB)

When I replicate the model in MATLAB with Dynare I get an error. What can I do?

2

Without the codes it is impossible to tell. But it looks like you are missing a file.

3

Kyotaki and Moore_MATLAB.pdf (62.4 KB)
Kyotaki and Moore_Dynare.pdf (65.3 KB)

Dear Mr. Pfeifer,

these are the Codes (MATLAB and Dynare) of the model. Do you think something is missing? I stored the mod.file and the m.file and then started with “dynare Kiyotaki” in MATLAB.

4

I have pushed a cleaned up version to DSGE_mod/Kiyotaki_Moore_1997 at master · JohannesPfeifer/DSGE_mod · GitHub

1 Like
5

Kiyotaki_Moore_1997_Ergebnisse der Berechnungen mit Dynare.pdf (17.5 KB)

Dear Mr Pfeifer, thank you very much for your link. I’ve tried the codes in MATLAB and here is my result. Is it correct?

6

From what I can see, the code returns the IRFs presented in Eric Sims code and paper. That’s all I know.