Full dynamic new-Keynesian model
To run the full dynamic-new-Keynesian model with capital and habit formation and with productivity, monetary and cost-push shocks, use dnwk.m which calls - either dnwk_go.m: simplest version of the model; - or dnwk_p_go.m: version of the model with ad-hoc lags, with inflation and output chosen one period in advance, as in Boivin-Giannoni, "Has Monetary Policy Become More Effective?", 2003). This program uses Harald Uhlig's Toolkit.
|Date of creation:||2004|
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