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DSGE - Dynamic Stochastic General Equilibrium models.

1 vote
0 answers
26 views

Monthly vs quarterly calibration of models

I'm struggling with moving from a quarterly calibration of a baseline NK model to the corresponding monthly calibration, so that IRFs give the same results with the appropriate timing. What are the st …
Luca Gi's user avatar
  • 245
3 votes
1 answer
179 views

Value function iterations with hyperbolic discounting

I am currently working to the numerical solution of a model similar to the consumption-savings decision model with hyperbolic discounting as in Krussel et al. (2003). Even if hyperbolic discounting i …
Luca Gi's user avatar
  • 245