Excuse me for my questions which I believe are so basic level. I have been reading Professor Johannes Pfeifer paper, On Observation Equations because I am trying to estimate with data the NK baseline model provide it in Dynare example file. However I have some issues.
- I have not been able to compute a steady state model block need it in order to call the steady_state matlab file for to solve for deep parameters.
- If anyone is aware of such a similar model code that has been estimate it with data it can be useful for me to see how the data is called and implemented.
- In the steady state block should I write just the equation calling the external matlab file or also figure out stationary equations?
- As I understand the equations are detrended in the code, do I need to detrend my data right?
Thank you so much for your time,