A general question:
can dynare deal with models, which have no steady state?
Many greetings,
Su Lee
A general question:
can dynare deal with models, which have no steady state?
Many greetings,
Su Lee
What exactly do you mean with “no steady state”? No unique steady state as in models with unit roots? No steady state because there are trends, but the model is trend stationary? Or do you have anything else in mind?