Solving and Estimating Indeterminate DSGE Models

WP/13/200

Solving and Estimating Indeterminate DSGE Models
We propose a method for solving and estimating linear rational expectations models that exhibit indeterminacy and we provide step-by-step guidelines for implementing this method in the Matlab-based packages Dynare and Gensys. Our method redefines a subset of expectational errors as new fundamentals. This redefinition allows us to treat... READ MORE...

Publication date: October 2013
ISBN 9781475589214
$18.00

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Publication date: October 2013

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Publication date: October 2013

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