zero steady states

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zero steady states

Postby prekias » Tue Aug 23, 2016 9:25 pm

Dr Dr Pfeifer

I am new user of Dynare. How can you tell your model that you assume zero steady state for your observed variables??

Many thanks
prekias
 
Posts: 2
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Re: zero steady states

Postby jpfeifer » Thu Aug 25, 2016 5:42 pm

You cannot
tell your model that you assume zero steady state for your observed variables

A steady state is a vector of variables that solve the entered model equations. What you can do is provide Dynare with initial values for finding the steady state (initval-block) or even the analytical steady state (steady_state_model-block). By default, if no values are provided, Dynare assumes a starting value of 0. If this is already the steady state consistent with the model equations, then you are done.
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
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