Solving a basic New-Keynesian model in symbolic programming style with Julia and Python

Sun, 05 Feb 2023 00:00:00 +0000

Table of Contents

1 Prerequisites
- 1.1 Motivations
- 1.2 The ecosystem for symbolic programming
- 1.3 Installing packages
2 Importing packages
3 Derive the system of stochastic difference equations characterize the dynacmics of the economy
- 3.1 Expressing symbols and equations
- 3.2 Rearrange & substitute equations
4 The economy response to exogeneous shock
- 4.1 Deriving the deviation equations
- 4.2 Method of undetermined coefficients
5 Study the stability of the system
- 5.1 Extracting the coefficient matrix
- 5.2 Analyze the conditions
6 Taking stock

1 Prerequisites

1.1 Motivations

This semester, we had a taste of the New-Keynesian models for monetary economics. Came along with it are the ugly algebra transformations. When my batchmates told me this would be the life of doing macroeconomics, I decided that it’s time to learn how to do symbolic programming.

Writing one-sentence-per-line

Wed, 30 Jun 2021 00:00:00 +0000

Table of Contents

Prerequisites

The notion of writing one-sentence-per-line may be confusing for many people – particularly for those who are not familiar to wysiwym systems (i.e. markdown, \(\TeX\),…). If you belong to this group, here’s a mini-tip: Don’t start your writing in a word processor. Whenever you learn new things or having an idea, and you want to jot it down, just open a text editor and write to a .txt file. Notepad are commonly available on every Windows machine – use that. There are several reasons worthy of another post, but here they are:

Essays on Hieu Phay

Solving a basic New-Keynesian model in symbolic programming style with Julia and Python

1 Prerequisites

1.1 Motivations

Writing one-sentence-per-line

Prerequisites