Hi, I am reading this book and the authors calibrate a shock to a parameter A (which shows up in the export equation below). Their model is deterministic and they simulate the effect of a shock to the parameter A. They mention they used Dynare.
I do not have their code but I guess they will declare A as a variable in their mod file, right? Not as a parameter. If so, does using A_t \sim AR(1) instead of A in the above equation change anything? Thanks!
Or perhaps there is a way to calibrate a shock to a parameter in dynare?