Dear all,
I would like to obtain the coefficients of the Policy and Transition Functions as a function of general model parameters. Is there a way to do this in Dynare?
Thank you very much for support!
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Transition Functions: In terms of general model parameters?
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Transition Functions: In terms of general model parameters?
by kanimbla » Thu Dec 13, 2012 2:16 pm
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Re: Transition Functions: In terms of general model paramete
by zenghaiwei » Sat Dec 15, 2012 3:18 pm
Do you mean you want to get the closed form of the policy function? If that is , I do not think dynare can. Because dyanre gets the policy function by solving the expectation function system, but usually the system can only be solved numerically. It is impossible to get the closed form.
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Re: Transition Functions: In terms of general model paramete
by kanimbla » Mon Dec 17, 2012 9:16 am
Yes, I would like to have a closed-form solution.
Thank you for your comment.
Thank you for your comment.
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