# Small DSGE model with financial constraints - Dynare code

**URL:** https://forum.dynare.org/t/small-dsge-model-with-financial-constraints-dynare-code/15150
**Category:** Replication Attempts
**Created:** [7 February 2020 13:07 UTC](https://forum.dynare.org/t/small-dsge-model-with-financial-constraints-dynare-code/15150 "2020-02-07T13:07:21Z")
**Posts on this page:** 1
**Showing post:** 2

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### Author: ![jpfeifer](https://forum.dynare.org/user_avatar/forum.dynare.org/jpfeifer/32/5044_2.png) [@jpfeifer](https://forum.dynare.org/u/jpfeifer)
#### Post date: [9 February 2020 19:14 UTC](https://forum.dynare.org/t/small-dsge-model-with-financial-constraints-dynare-code/15150/2 "2020-02-09T19:14:17Z")

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1. 

> [@Problem with finding steady state](https://forum.dynare.org/t/problem-with-finding-steady-state/14700/5):
>
> I would recommend only to do the exp()-substitution once the model works.

2. I would always go for option 3 of

> [@Question about understanding irfs in dynare](https://forum.dynare.org/t/question-about-understanding-irfs-in-dynare/10622/4):
>
> To be more precise: it depends on how the variables in your model are measured. As @stepan-a says, Dynare conducts a linearization. If you for example have a nonlinear model and your model variable is simply the level of output, the IRF will measure the difference between the variable and its steady state (or its mean at higher order). This is the case with [https://github.com/DynareTeam/dynare/blob/master/examples/example1.mod](https://github.com/DynareTeam/dynare/blob/master/examples/example1.mod) In contrast, if your model variable already measures percentage…

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