I have a question related to the timing convection in Dynare. I have been working with a search model in which employment evolves as follows:
n_{t} = f(n_{t-1}) + g(u_{t-1},v_{t-1})
where n is employment, u and v denote unemployment and vacancies, respectively. In my understanding, employment is a predetermined variable in my case. Is this correct? If so, do I need do specify employment to be a predetermined variable?
As far as I know (Forward looking & predetermined variables), the following formulation is not identical:
n_{t+1} = f(n_{t}) + g(u_{t},v_{t})
True?
Best,
bieser