I have been trying hard to replicate the model of Rubio and Carrasco-Gallego “Basel I, II and III: A Welfare Analysis using a DSGE Model”. But for the parameter given in the paper my model does not fullfills the BK conditions.
So perhaps does anyone of you have the code for this model?
Or a code for similar model. The model should include savers, which save in deposits. Theses depositis are used by a bank to extend new loans. These loans are used by borrowers, which are impatient.
Has anyone experience with these kinds of models?
PLEASE, I NEED YOUR HELP.
I attach a not working version of a dynare code of the above mentioned model. My code is exaclty equal to all equations in the paper, but it still does not run. (However, the authors can present IRFs with their papermeter values and mention that they have used dynare to solve the model. SO WHY DOES MY CODE NOT WORK???)
The authors do not give me their code for replication.