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Steady state file
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Steady state file
by bayes » Thu Jan 22, 2015 9:48 am
Hi! Where could I find instructions how to write a separate steady-state file for a model?
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Re: Steady state file
by jpfeifer » Thu Jan 22, 2015 1:04 pm
Take a look at the NK_baseline.mod in the Dynare examples folder. The header and footer should not be altered. It says where you can enter your own equations.
However, if you are doing nothing fancy like calling a solver, go for a steady_state_model block. It will automatically create a steady state file. Take a look at Pfeifer(2013): "A Guide to Specifying Observation Equations for the Estimation of DSGE Models" https://sites.google.com/site/pfeiferecon/Pfeifer_2013_Observation_Equations.pdf for examples.
However, if you are doing nothing fancy like calling a solver, go for a steady_state_model block. It will automatically create a steady state file. Take a look at Pfeifer(2013): "A Guide to Specifying Observation Equations for the Estimation of DSGE Models" https://sites.google.com/site/pfeiferecon/Pfeifer_2013_Observation_Equations.pdf for examples.
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