I am trying to solve a DSGE model with central banks digital currency, however the bug is Taylor rule and euler equation collinear with each other, has anyone seen the similar error? I tried replace these with the equations used by Gali but still the same error, may be because of the complexity of the model? Thanks for your support!
Thank you for your prompt response. dxi.m (59 Bytes) xi.m (66 Bytes) dphi.m (55 Bytes) phifunc.m (57 Bytes) psifunc.m (106 Bytes) du.m (100 Bytes) dv.m (102 Bytes) v.m (69 Bytes) u.m (68 Bytes)
Attached the external functions, please neglect the solve_steadystate one. As Price level appear in multiple equations, I don’t think I can get rid of Price level as a variable. Can you help me review it? Thank you so much!