There are two types of parameters I want to estimate, one is technology in the steady state A1, A2 and A3 (they are parameters) the other are the driving force in the shock structure. I can not get the closed form of steady state in my model and use a numerical method to get it.
The steady state of variables is pinned down by A1,A2,A3 and other deep parameters which I can easily calibrate. The problem lies in that in the model I use the steady state values such as V_observe= v-vstar, vstar means steay state value. It means for every given A1 A2 A3, I can estimate the driving force, however I do not know how to estimate A1 A2 A3.
How can I deal with it?
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estimate the model with no closed form steady state
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estimate the model with no closed form steady state
by luckysinger » Tue Aug 30, 2011 10:09 am
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Re: estimate the model with no closed form steady state
by SébastienVillemot » Wed Sep 14, 2011 12:58 pm
Maybe what you are looking for is the "STEADY_STATE" operator. Search for it in the reference manual, its purpose and usage is documented there.
Best,
Best,
Sébastien Villemot
Economist at OFCE – Sciences Po
Economist at OFCE – Sciences Po
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