Dsge modelling using dynare

[jpfeifer]

No, the model concepts and the data values will differ because they are in different units. Apart from that, see

Failure to compute steady state using initval

Set the initial values based on economic intuition. See Remark 15 (initval vs. steady_state_model vs. steadystate-file) in Pfeifer (2013): “A Guide to Specifying Observation Equations for the Estimation of DSGE Models ”.