I have 10 endogenous variables in my model but some of the log-linearized equations of these depend the steady state values of these variables. i.e., the log linearized lending rate equation depends on its steady state value etc…
My question is, what is the best way to find the steady state values of these endogenous variables ? Do I need to use the “fsolve” in Matlab and solve x steady state equations with x variables while assigning numbers to the deep parameters of the model ? Then, do I need to treat these steady state values as parameters in Dynare or is there a way to import this “fsolve” page directly to dynare ?
I would be grateful just to know the optimal way of doing this and the procedure in steps ?
Thanks in advace