Balanced growth path

Dear all,

I am considering an extended Ramsey Growth model, where production depends on both resource stock and capital stock. It is possible to force in Dynare that my state variables grow at a constant rate, such that we end up in a balanced growth path and I can use the perfect foresight solver? Mathematically, I am considering conditions like \lim_{t\to \infty}\frac{K_{t+1}}{K_t}=\gamma. Can Dynare handle such an implementation, and if so, how would this have to be implemented?

Kind regards,


You should be able to do that. See e.g. DSGE_mod/Solow_nonstationary.mod at master · JohannesPfeifer/DSGE_mod · GitHub