Is there a way to make stoch_simul solve the model around a point that is not the non-stochastic steady state?
Some asset pricing models are very sensitive to the approximation point, and it is desirable to approximate the first-order conditions around the stochastic (risky) steady state. Is it possible to allow stoch_simul to solve the model around an arbitrary approximation point?
Thank you.
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Stoch_simul - solving around the non-stochastic steady state
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Stoch_simul - solving around the non-stochastic steady state
by fpalomi2 » Tue Jul 31, 2012 1:18 pm
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