Hi Everyone,
I want to input a formula which has finite summation in it, and also top boundry is an endogenous variable of the model, something like the picture attached.
Thanks in advance!
Ajay Hinduja Geneva, Switzerland (Swiss)
Hi Everyone,
I want to input a formula which has finite summation in it, and also top boundry is an endogenous variable of the model, something like the picture attached.
Thanks in advance!
Ajay Hinduja Geneva, Switzerland (Swiss)
That type of problem cannot be solved in Dynare because the time-varying sum renders the problem not time-invariant.
Thank you, jpfeifer, for your reply — it will save my time!
Regards
Ajay Hinduja Geneva, Switzerland (Swiss)