GAUSS code for Backus-Kehoe-Kydland

Morten Ravn

QM&RBC Codes from Quantitative Macroeconomics & Real Business Cycles

Abstract: The following files includes the programmes for solving the BKK 1994 (AER) model of multiple goods. The model is simplified in such a way that capital adjustment costs (time to build) are excluded. The programmes solve the model using the Ricatti Equation method and precision is enhanced by using a log transformation. The documentation is a bit scarce but the notation should be obvious. The programmes can be used also for reproducing the results in Ravn, Journal of International Money and Finance, 1997. The programmes are: 1) lbkk.dyn - solves for the optimal decision rules 2) lbkk.imp - computes impulse response functions 3) lbkk.sim - simulates the model and computes business cycle statistics

Language: GAUSS
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Downloads: (external link)
https://dge.repec.org/codes/ravn/lbkk.dyn program code (application/x-gauss)
https://dge.repec.org/codes/ravn/lbkk.imp program code (application/x-gauss)
https://dge.repec.org/codes/ravn/lbkk.sim program code (application/x-gauss)
none

Related works:
Journal Article: Dynamics of the Trade Balance and the Terms of Trade: The J-Curve? (1994)
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Persistent link: https://EconPapers.repec.org/RePEc:dge:qmrbcd:106

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