I am wondering if it is possible to obtain results from dynare even when the steady state is close to the accurate one but not identical exactly. I am trying to find the risky steady state where i iterate on moments. I calculate the steady state in a separate m. file and provide the results to dynare using initval. Then I call DYNARE repeatedly to update covariance matrix.
For the deterministic case there are no issues.
However when I move to risky steady state and update the steady state i get error from dynare saying that some equations have not converged etc… But i am trying to iterate on the moments and I am aware that the initial guesses of steady state may not be 100% accurate. All i need is to get the new covariance matrix.
But during the loop after the initial update of steady state DYNARE runs a a few times and gives me the error that steady state is not defined. And stops. I dont want it to stop, I want DYNARE to just give me the covariance matrix that i can use for my outside steady state file
I am wondering if it is possible to suppress the dynare error about steady state and obtain the covariance matrix then iterate until i find a solution that satisfies both dynare initval solver and my external steady state file solver.
I would really appreciate your help. I am worried that i might need to switch the entire model (around 50 equations) to Schmitt-Grohe package which computes the covariance matrix function for any given steady state without checking if it satisfies the conditions. But this will make the whole notation much much messier
Thanks a lot