How to Calculate Steady State?

[Chloe]

This question may be silly, there are some problems with my model, jpfeifer gave me the following reply:

@jpfeifer

None of the solvers seems to be able to find the steady state. Are you sure there is a unique steady state that can be computed analytically? Have you tried computing the steady state analytically? Often that is the only way to properly debug the model.

I would like to ask how to confirm that the model has a steady state, and how to calculate the steady state? (Or what code to use for calculations?)

[jpfeifer]

With problems like these, the answer is usually pencil and paper.

[Chloe]

I would like to ask how to calculate it specifically? May I ask if there are any references available for me to read?

[jpfeifer]

Have a look at e.g. https://sites.nd.edu/esims/files/2023/05/rbc_notes_2017.pdf