I want to forecast future path of Production and Consumption. I set these values equal to the latest real value of production and consumption for 1 period as follows.

conditional_forecast_paths

vars Y

periods 1

values -0.005

vars C

periods 1

values -0.001

end

This means that I set the first period of forecasting of Y and C equal to their real last values.This means that when these variables subject to shocks in the first period value of forecast is fixed and after one period values of forecasting of these variables change due to the shocks. After first period dynare calculates the forecasting of these variables for future periods with confidence intervals.In some cases researchers forecast future path of interest rate in a specified level but my main goal is forecasting of production and consumption in the model.