transition path
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Hi;
I read in the guide that i could see the transition path from one steady state to another with a proper use of "initval" and "endval", but i don't understand what really means. I have a DSGE model and y have an "varexo_det" variable and i want it to change permanently. i want to see what happens in the trayectory of some endogeous variables if i change the exogenous deterministic variable permanenty in some point, specialy, how many periods of adjustment it takes for the variables to get to new steady state.
Thanks in advance.
Carlos
I read in the guide that i could see the transition path from one steady state to another with a proper use of "initval" and "endval", but i don't understand what really means. I have a DSGE model and y have an "varexo_det" variable and i want it to change permanently. i want to see what happens in the trayectory of some endogeous variables if i change the exogenous deterministic variable permanenty in some point, specialy, how many periods of adjustment it takes for the variables to get to new steady state.
Thanks in advance.
Carlos