Dynare replication of “A Model of Secular Stagnation: Theory and Quantitative Evaluation” by Eggertsson et al. (2019)

IF 1.7 4区经济学 Q2 ECONOMICS

Economic Inquiry Pub Date : 2023-11-01 DOI:10.1111/ecin.13185

Alex Crescentini, Federico Giri

引用次数: 0

Abstract

Abstract This paper replicates the study “A Model of Secular Stagnation: Theory and Quantitative Evaluation” by Eggertsson et al. using the Dynare toolkit. Replication is important as it confirms the results of the original article, provides a user‐friendly version using Dynare, and shows how to deal with large‐scale models with occasionally binding constraints. The results show that the original Matlab code was fully replicated, but minor discrepancies were found between the paper's equations and the code. The two models produce similar dynamics but with small differences, particularly at the beginning of the simulation.

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Eggertsson等人(2019)“长期停滞模型:理论与定量评估”的动态复制

本文使用Dynare工具包复制了Eggertsson等人的研究“长期停滞模型:理论与定量评估”。复制是很重要的，因为它证实了原始文章的结果，提供了一个用户友好的版本，并展示了如何处理偶尔绑定约束的大型模型。结果表明，原始的Matlab代码被完全复制，但在论文的方程和代码之间发现了微小的差异。这两种模型产生相似的动力学，但差异很小，特别是在模拟开始时。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Inquiry ECONOMICS-

CiteScore

3.80

自引率

5.60%

发文量

期刊介绍： Published since 1962, (formerly Western Economic Journal), EI is widely regarded as one of the top scholarly journals in its field. Besides containing research on all economics topic areas, a principal objective is to make each article understandable to economists who are not necessarily specialists in the article topic area. Nine Nobel laureates are among EI long list of prestigious authors.