rbcpanos.mod (1.1 KB)
I am new in Dynare and I am trying to simulate a basic RBC as in the notes of Bilbiie (2010).
However, I do not know why I am constantly given errors. I tried to run it both in its log-linear and in the non-linear form but in both cases I am given errors. I also do not know whether I am missing any block.
In the log-linear formulation, do we need to specify the steady state or give initial values?
I attach both the log-linearized and the non-linear version.
Any help highly appreciatedrbcbnonlin.mod (709 Bytes)