Hi,
we all know that SW(2007) rules out indeterminacy by construction.
Is there any Dynare code that allows to estimate literally a SW model but that account for indeterminacy?
Hi,
we all know that SW(2007) rules out indeterminacy by construction.
Is there any Dynare code that allows to estimate literally a SW model but that account for indeterminacy?
You could use the code of Bianchi/Niccolo to handle this. I hope to have an example online next week.