Using steady state value as a parameter in the policy rule
Posted: Tue Jul 08, 2014 10:49 pmHi
Is there a way for dynare to calculate the steady state using command steady and then include the steady state value in the model for the policy rule as a parameter of the policy rule?
e.g. Let's say my policy rule is i=0.9+0.5*(c-steadystate value of c), so the policy rule responds to the deviation of a variable from the steady state.
Thanks
Is there a way for dynare to calculate the steady state using command steady and then include the steady state value in the model for the policy rule as a parameter of the policy rule?
e.g. Let's say my policy rule is i=0.9+0.5*(c-steadystate value of c), so the policy rule responds to the deviation of a variable from the steady state.
Thanks