Hi,
I am trying to run a simple Non-linear New-Keynesian model, but it doesn’t satisfy to BK conditions. However it does and displays IRFs correctly when I remove the budget constraint. Can anyone help with this problem?
Simple.mod (1020 Bytes)
Hi,
I am trying to run a simple Non-linear New-Keynesian model, but it doesn’t satisfy to BK conditions. However it does and displays IRFs correctly when I remove the budget constraint. Can anyone help with this problem?
Simple.mod (1020 Bytes)