External solver in steady state file

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External solver in steady state file

Postby parantap » Wed Oct 02, 2013 3:35 pm

I have a question about steady state computation. I have a system of equations for which I can compute the steday state but they are not available in closed form as in the growthless example. There is a routine in matlab called fsolve which computes these steady states nicely. Is there anyway I can link this fsolve routine to dynare and then ask dynare to loglinearize around these computed steady state values. I suspect that _steadystate.m procedure works only when you know the exact solution in a closed form. I also attach my failed programmes where I created a steady file. I may be using a wrong function command and perhaps badly missing something. If anybody can help.

quant_banking_exo.mod
(2.01 KiB) Downloaded 128 times
Attachments
quant_banking_exo_steadystate.m
(852 Bytes) Downloaded 151 times
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Re: External solver in steady state file

Postby jpfeifer » Tue Jul 21, 2015 12:06 pm

You can call external solvers in the steady state file. See the NK_baseline.mod in the Dynare examples folder.
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University of Cologne
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