I am totally new with Dynare and I am trying to replicate in Dynare the DSGE model of Uribe (2018) from this article: Uribe (2019), The Neo-Fisher Effect, Econometric Evidence from Empirical and Optimizing Model.pdf (326.7 KB). I reported the parameter values (p.33-34) as my starting values and I manage to complete my model block and my initval block. The problem is when I run the resid(1) command for the residuals of the static equations, one equation is not equal to zero. Maybe I have an error in my model block, but I can’t find it. I don’t know if it’s because of this but my results when i run the stoch_simul are far from Uribe (2019). Can you help me with this?
Uribe Matlab code : www.columbia.edu/~mu2166/neoFisher/index.htm
(particularly the nk_ss.m file and the nk_model.m file from optimizing.zip)
My .mod file: uribe2019_v030820.mod (2.9 KB)