The following example Dynare mod-files (and more) that solve particular problems encountered in Dynare or are representative for a particular class of models. dynare software to simulate the model under standard RBC parameter values. . Example 2 parameters gam beta delta alpha rhoa rhog sgs; // Parameters. A Dynare code that solves a non-linear model consists of the following parts: The steady state of the model: Example for initial starting values. initval;.

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Dynare Codes Matlab Codes Our economy is populated by a large number of householdsthe utility function of the representative household is defined by: The New Keynesian Model. Journal of the European economic association, 1 5 The amount of capital utilized in the production is: The resolution is performed via the dynare package requires Matlab or octave initially developed by Michel Juillard. In the following codes, I employ two methods to solve rational expectations models.

## DSGE Dynare Model Matlab Codes

Evidence from an estimated DSGE model. We build and estimate a two-country DSGE model with corporate and interbank cross-border ecample, Core-Periphery diverging financial cycles and a national implementation of coordinated macroprudential measures based on Countercyclical Capital Buffers. Financial frictions and the extensive margin of activity.

New Keynesian Model with price indexation.

### DSGE Dynare Model Matlab Codes – Gauthier Vermandel

An estimated dynamic stochastic exa,ple equilibrium model of the euro area. Research in Economics, 69 4 National bank of belgium working paper, The Cobb-Douglas production function now combines labor, physical capital and technology to produce goods: Shocks and frictions in US business cycles: These costs drive a wedge between the price of assets and goods and offer a tradeoff beetwen capital goods ezample riskless bonds.

Finally, to close the model, we suppose that monetary authority controls the nominal interest rates and is concerned by both price and GDP growths. Nominal rigidities and the dynamic effects of a shock to monetary policy.

The resources constraint now includes investment: A monetary equilibrium model with transactions costs. Journal of Economic Dynamics and Control, 51, The variable utilization of capital incurs a variable cost, denoted. CEE introduce variable capital utilization in order to match the data. For the share of firms allowed to reset their price, each firm maximizes the expected sum of profits: This feature captures the autocorrelation of consumption observed in the data.

They include in New Keynesian setup an indexation mechanism when firms are setting their price. A Simple dynamic 3-equation New Keynesian Model.

Global banking and the conduct of macroprudential policy in a monetary union. This equation shows that capital requires one period to be installed i.

exwmple Financial Frictions and the Extensive Margin examplw Activity. Additionally, the production function follows a Cobb-Douglas technology: In equilibrium, the optimal capital utilization is defined by: Concerning the share of firms allowed to reset their price, each firm maximizes the expected sum of profits: The resources constraint is given by the demand from households and authorities: I present here the Calvo price setting.

The model is estimated using Bayesian techniques for the US economy. Cross-border banking flows spillovers in the Eurozone: Journal of Macroeconomics, 54, Dynare Codes Matlab Codes In this setting, we consider that each household has external consumption habits.

### Dynare – Johannes Pfeifer

RBC Model with investment adjustment costs Dynare Codes Matlab Codes To introduce asset price fluctuations, households supplying investment goods face an investment adjustement costs given by: Dynare Codes Matlab Codes The standard New Keynesian model assumes that monopolistic competitive firms are price makers on the good market, but they cannot adjust prices as prices are sticky. I cannot give the data, these are internal to ECB and cannot be shared.

The welfare index is determined by the sum of the current and expected utilities: RBC Model with investment adjustment costs. Journal of political Economy, 1 Thus the utility function subject to external habits reads as follows: This paper aims at introducing New Keynesian Macroeconomics for graduate students.

RBC Model with variable capital utilization. The given mod file is calibrated on the estimated parameters and shocks in our paper at the posterior mean. Staggered prices in a utility-maximizing framework. Revue d Economie Politique. All theses codes are based on the generalized Schur form to solve a systems of linear expectational difference equations.

We find that country-adjusted macroprudential measures lead to significant welfare gains with respect to a uniform macroprudential policy rule that reacts to union-wide financial developments.