Hi everyone,
I hope you're all right!
I am a Phd student at the end of my thesis writing. But I have a problem. In my last chapter, I would like to draw inspiration from the model developed by Rubio and Carrasco-Gallego (2015) "Macroprudential and Monetary Policy Rules: A Welfare Analysis". However, I have difficulty related to the replication of this model because I can't generate the steady state. For this purpose I looked for a solution on the Dynare forum. Unfortunately, I couldn't find a solution. The only contribution is a code posted by a forum member who himself has the same problem as me. But its code does not allow to find a steady state either.
To this end, I would like to know if I can get help from you. I have also attached the code I may have had on the forum. I have also attached here a working paper version of the article.
Sincerely!
Please excuse my english, I'm french speaker!
If the model does not have an analytically tractable steady state (the set of equations that would go in the steady state block in the .mod file), then you have to numerically solve it using either Dynare's internal scheme, or an extenal .m function. http://www.dynare.org/manual/index_24.html
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