Coding indeterminacy of bonds

[azeem]

Hi

I am trying to code a model where at steady state the bond is indeterminate. I was told in that case the steady state specification of bonds to be stated as b≠0. I am wondering when I write the codes, for initial values of bonds should I write a line or not? Any help would be appreciated.

Thanks
Azeem

[jpfeifer]

That is hard to tell in advance. In general, if your model features a multiplicity of steady states, you need to provide an analytical steady state, i.e. select one steady state around which to approximate. That would be done in either a

Code: Select all

steady_state_model

block or a steady state file. An initval block would not work.