Hello everyone, I constructed a DSGE model and try to study the IRFs graph. However, the graphs dynare produced based on my model is very strange, unlike smooth curves they are kinked. Is there anything I did wrong wit hthe model? I attached my mod. file below. Thank you for your help.
mod file.txt (5.5 KB)
Did you upload the correct file? I get the message
ERROR: There are 35 equations but 36 endogenous variables!
See
Copy that. I will check it. Thank you, professor!