I would like to set an initial value for one of my endogenous model variables at the beginning of the Kalman smoother. Therefore, I use the “filter_initial_state”-Block of Dynare. For instance, my endogenous variable is named k. If I were to set k(0) = 5 within the “filter_initial_state”-Block, does that mean, that I specified the mean of the initial state to 5? If yes, is it also possible to set the variance of the initial state? Or does this imply that when I look at the smoothedVariables output of Dynare that k starts at value 5?
Thank you very much!