Hello! I’m faced the issue of time convention, but not sure how to solve it correctly (I made several trials, but the results of model were very weird). Can you help me?
h_2.mod (2.9 KB)
It’s most probably due to the two bonds. The issue may be similar to Timing of capital in two sector economy
I have tried to do as in the link, but it did not help. Can you help me with it?
Maybe the problem with “lambah”? @jpfeifer
Could it be that you are missing
predetermined_variables B Bff;
Thank you!!! It started to work. But there is another issue.For example, there is a positive foreign interest rate shock, the impulse response function shows that there is a fall in real exchange rate (when it should a rise), while when there is a positive shock of the non-residents holding of domestic bonds, there is a rise in real exchange rate (when it should decline). So, I’m wondering whether my model is incorrect or there is something with a dynare code. I will be very glad if you help me to find out the problem @jpfeifer
Sorry, I can provide Dynare advice, but it’s impossible to do detailed debugging of all the mod-file appearing in the forum.