3 same versions and 3 different answer! how find ss

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.

3 same versions and 3 different answer! how find ss

Postby leonard007 » Mon Jul 20, 2015 11:35 am

Hi everybody,
I am new in Dynare. I am coding a DSGE for a macro model. I wrote 3 versions for my problem (the simple one, exp one, and liner one) as you can see in attachments. But no one works and suprizingly each of them has different answer! what is the problem.
Another question is how I can write externally some codes to find steady state. (please see exam4). But it seems this way is totally wrong and there is another easier way to write the codes to find the steady state. May I ask you to help me.
Thank a lot!
Attachments
exam4.m
(800 Bytes) Downloaded 68 times
lucasline2.mod
(3.41 KiB) Downloaded 82 times
lucasexp.mod
(3.13 KiB) Downloaded 73 times
lucas2.mod
(2.67 KiB) Downloaded 71 times
leonard007
 
Posts: 54
Joined: Tue May 26, 2015 12:30 pm

Re: 3 same versions and 3 different answer! how find ss

Postby jpfeifer » Wed Jul 22, 2015 8:01 am

That means your mod-files must be wrong. For linearized models, you need to provide steady state values for the original variables while your model variables, which are percentage deviations from steady state have a 0 steady state be definition. In contrast, the nonlinear model has the original variables as the model variables. Their steady state values are identical to the ones used for parameterizing the linearized model. If not you are making a mistake.

Regarding the exp()-version: its steady state values must be the ones of the non-exp()-version logged. If this is not the case, you made a mistake in translating the model into the exp()-form
------------
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: Google [Bot] and 6 guests