I am using Dynare to loop over different parameters. I am following the approach laid in
and in the supplementary materials from “Risk matters. A Comment”.
I am wondering what happens with the steady state… First of all, I update the parameters as follows (the model is a standard RBC model as in SGU):
[code]xopt = [BETTA; DELTA; ALFA; RHO; RHOE; SIG; SD_A; SD_E];
app1.M_.params = xopt;[/code]
Then, I do,
[app1.oo_.dr,info,app1.M_,app1.options_,app1.oo_] = resol(0,app1.M_,app1.options_,app1.oo_);
All the matrices for the dynamic model change as expected. However, when I check the steady state,
it has not changed at all… Am I missing something?
UPDATE: I forgot to say that in the .mod file I add the steady state as a steady_state_model block