Simulation/DSGE
Posted: Thu Apr 29, 2010 12:36 pm
Hi Tom
I have a similar model as that of Erceg, Henderson and Levin: 'Optimal Monetary policy with staggered wage and price contracts'. I want to simulate the model to generate moments in order to compare how well it captures the real data. For example I want to simulate the model say 5000 times and drop the first 100 artificial observations. Could you please help me on that?
Thank you very much.
I have a similar model as that of Erceg, Henderson and Levin: 'Optimal Monetary policy with staggered wage and price contracts'. I want to simulate the model to generate moments in order to compare how well it captures the real data. For example I want to simulate the model say 5000 times and drop the first 100 artificial observations. Could you please help me on that?
Thank you very much.