``cite'' the steady state level in the model block

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``cite'' the steady state level in the model block

Postby mindint » Sat Jan 24, 2015 10:31 am

In the model block, can we ``cite'' the steady state level computed in the steady_state_ model block?
for example:

model;
log(M)-log(Mbar)=rho*(log(M(-1))-log(Mbar));
end;

where Mbar is the steady state of M

Thanks!
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Re: ``cite'' the steady state level in the model block

Postby jpfeifer » Sat Jan 24, 2015 10:53 am

Use the steady_state-operator:
Code: Select all
model;
log(M)-log(steady_state(Mbar))=rho*(log(M(-1))-log(steady_state(M)));
end;

Note, however, that the steady state must be uniquely determined. See the discussion at the bottom of http://www.dynare.org/phpBB3/viewtopic.php?f=1&t=5407
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
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