Dynare forums

Both oo_.dr.ys and oo_.steady_state store steady-state values, what's the difference? Thanks for your help.

oo_.dr.ys will store the steady state computed at the last time the decision rules were computed. oo_.steady_state should also store the steady state, but it is sometimes internally used to store temporary information. For example, when you use the resol-command to loop over parameter values, oo_.dr.ys will always be correctly updated, but oo_.steady_state will not.

Thanks, Dr. Pfeifer. Your reply is always helpful.

jpfeifer wrote:oo_.dr.ys will store the steady state computed at the last time the decision rules were computed. oo_.steady_state should also store the steady state, but it is sometimes internally used to store temporary information. For example, when you use the resol-command to loop over parameter values, oo_.dr.ys will always be correctly updated, but oo_.steady_state will not.