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Two steady-states trasition path.Any example?

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Two steady-states trasition path.Any example?

Postby petros_varth » Thu Mar 04, 2010 1:45 am

Hi all,

I want to specify two different steady-states (i change only a steady-state value of an endogenous variable of the model) of the model and then dynare solve for the transition path. I also want to have some IRFs etc.
If it is possible i would like to do it with a specific rule so as to gradually converge to the new steady-state. Any ideas OR even better any example?

Thanks a lot.

Petros
petros_varth
 
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