transition path, calibration
Posted: Tue Jul 11, 2006 12:58 pm
Hi Michel,
I have a question to pose.
I am writing a Dynare code to study the transition from one steady state to another. As some calibrated parameters depend on the particular steady state I am considering, these coefficients should change appropriately. How can I manage to do that? I thought of declaring these parameters as variables and write an apposite equations which support the steady state
I have a question to pose.
I am writing a Dynare code to study the transition from one steady state to another. As some calibrated parameters depend on the particular steady state I am considering, these coefficients should change appropriately. How can I manage to do that? I thought of declaring these parameters as variables and write an apposite equations which support the steady state