Using steady state value as a parameter in the policy rule

This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location where you will have to reset your password.
Forum rules
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.

Using steady state value as a parameter in the policy rule

Postby diatrochoi » Tue Jul 08, 2014 10:49 pm

Hi

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
diatrochoi
 
Posts: 14
Joined: Tue Jul 08, 2014 10:45 pm

Re: Using steady state value as a parameter in the policy ru

Postby jpfeifer » Wed Jul 09, 2014 9:16 am

Use the steady_state operator (see the manual).
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
Posts: 6940
Joined: Sun Feb 21, 2010 4:02 pm
Location: Cologne, Germany


Return to Dynare help

Who is online

Users browsing this forum: No registered users and 5 guests