Dynare forums

Hi all,

In model declaration, we can create model-local variables:

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# VARIABLE_NAME = MODEL_EXPRESSION;

Some of my local variables are solved for from a linear equation system, and I want to apply Cramer's rule directly in the local variable declaration. So I wonder if it is possible to define matrix in

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# VARIABLE_NAME = MODEL_EXPRESSION;

and it is possible to compute their determinant. If it is, how?

Thanks!

No, that is not possible. Matrix operations are best conducted in a _steadystate-file.

jpfeifer wrote:No, that is not possible. Matrix operations are best conducted in a _steadystate-file.

Thank you, Professor.
One more question, when using _steadystate.m file, could Bayesian Estimation still be conducted in dynare?

Sure. That has nothing to do with the steady_state-file or the steady_state_model-block.