Nibha
July 3, 2022, 5:04am
1
How to solve the model without a steady state and calibration? Kindly help!

model;
c (+1)/c= BETA * (1+ r (+1) - DELTA (+1));

1-l = (c/w) * b;

r = ALPHA * (y/k);

w = (1-ALPHA) * (y/l);

c = y - iv;

y = (k (+1) - (1-DELTA) * k)/c;

y = k^ALPHA * l^(1-ALPHA);

end;

This is a standard RBC model. If you properly initialize `initval`

and the parameters, the model should run.

Nibha
July 4, 2022, 8:33am
3
Yes the model did run with initializing initval and the parameter. But if you would please help me to know, can the model will provide any output if run without initializing initval and the parameter?

Nibha
July 4, 2022, 8:39am
4
output say equation for each variables (c, l, r…).

That is not a well-defined question.

Nibha
July 4, 2022, 9:44am
6
var
c l k w r iv y
;

parameters

ALPHA
BETA
DELTA
b
;

model;
c (+1)/c= BETA * (1+ r (+1) - DELTA (+1));

b = w * (1-l)/c ;

r = ALPHA * (y/k);

w = (1-ALPHA) * (y/l);

c = y - iv;

iv = (k (+1) - (1-DELTA) * k);

y = k^ALPHA * l^(1-ALPHA);

end;

You still did not tell us what you are trying to achieve.

Nibha
July 19, 2022, 7:05am
8
Here we want to solve the model. How can we do it in dynare? Please guide.

But you did not specify a complete model yet.