initial values calculation
I have code which does not calculate initial values (wages, consumption, saving). I want to calculate initial values with Dynare. Is there any commands in dynare which help me to calculate the initial values of my codes?
Initial values is not something you can calculate in a perfect foresight context. Initial values are something you as a user need to set (as well as terminal values)
Hello
Dear Johannes
I am a student in economics. I have studied one of your articles by the title of “Ageing and Pensions in General Equilibrium: Labor Market Imperfections Matter”. Would you mind to help me and answer my questions?
how can I calculate initial values, because there are 122 equations and 122 variables that are interrelated. And should be calculated simultaneously, should i use a Matlab optimization or some other software? do you suggest any special software or any other way?PC_v2.mod (35.2 KB)
Base2.mod (30.9 KB)
BASE.pdf (2.5 MB)
With a model of that size, I can only recommend using pencil and paper to compute the steady state.