solving for steady state
Posted: Wed May 15, 2013 2:02 pm
Hi everyone,
I have the following system of equations, which is my model block:
C^(-sigma)=(beta/Q)*C(+1)^(-sigma);
C^(-sigma) = N^phi/W;
C^(-sigma) =beta*(C(+1))^(-sigma)*(1-delta+R(+1));
K(+1) = (1-delta)*K+I;
Y = A*N^(1-alpha)*K^alpha;
W = (1-alpha)*A*N^(-alpha)*K^alpha;
R = alpha*A*N^(1-alpha)*K^(alpha-1);
Y = C + I;
B = 0;
A = A(-1)^rho*exp(epsilon);
I need to calculate the steady state by hand, such that the steady state values depend only on parameters like phi, epsilon, alpha etc.
As this is kind of tedious i was wondering if there is a way to let dynare/matlab solve this system, to compare with my own results?
Thanks in advance!
Regards,
kartoffel
I have the following system of equations, which is my model block:
C^(-sigma)=(beta/Q)*C(+1)^(-sigma);
C^(-sigma) = N^phi/W;
C^(-sigma) =beta*(C(+1))^(-sigma)*(1-delta+R(+1));
K(+1) = (1-delta)*K+I;
Y = A*N^(1-alpha)*K^alpha;
W = (1-alpha)*A*N^(-alpha)*K^alpha;
R = alpha*A*N^(1-alpha)*K^(alpha-1);
Y = C + I;
B = 0;
A = A(-1)^rho*exp(epsilon);
I need to calculate the steady state by hand, such that the steady state values depend only on parameters like phi, epsilon, alpha etc.
As this is kind of tedious i was wondering if there is a way to let dynare/matlab solve this system, to compare with my own results?
Thanks in advance!
Regards,
kartoffel