Hi everybody,
when doing the steady state calibration of the model, how to consider a parameter as an endogenous.
in my model, the parameters y_k and c_k are defined as the steady state ratio between output and capital, and consumption and capital. yk and ck are endogenous variables.yk=y/k, ck=c/k.
I use the method called “variable flipping” following Reference Manual Version 4. But it doesn’t work. I am afraid I’v made something wrong, but I don’t know where it is. And there is no complete example I can follow.
My code consists of the following files:
modeqs.mod
steady.mod
simul.mod
Could you help me?
Many thanks in advance.
JessicaYL
inflation.rar (980 Bytes)