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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 …
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 …