Is there a way to have Dynare compute the steady state for lets say a variable q, then have it use that value for one of the model parameters, lets say a parameter lambda?
Thanks.
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Setting parameters
by daniel_dynare » Tue Jul 12, 2011 1:29 pm
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Re: Setting parameters
by MichelJuillard » Tue Aug 02, 2011 8:11 pm
Yes, the STEADY_STATE operator does exactly that. In your model, use STEADY_STATE(q) instead of lambda
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