Defined parameters
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Could defined parameters be a function of some endogenous variable?
Generally, according to my understanding defined parameters should be a function of other parameters. However, if I transformed a parameter to an endogenous variable, how should I define the other parameters?
So, the question is, is it possible to have an endogenous variable in the equations for some parameters?
Thanks a lot in advance
Generally, according to my understanding defined parameters should be a function of other parameters. However, if I transformed a parameter to an endogenous variable, how should I define the other parameters?
So, the question is, is it possible to have an endogenous variable in the equations for some parameters?
Thanks a lot in advance
