Parameters dependent on instrument //Ramsey steady state

Optimal Policy
1

Hi professor, I have a question about the calibrated parameters of a ramsey model and estimation model.

If there is a parameter that is dependent on the steady state value of instrument value, how should I assign the value to the parameter in the parameter block ? And in addition, how should I assign the value to the parameter if I need to estimate some of other parameters?

2

In that case, the parameter is a dependent object. You will need to use a steady state file or block to set that parameter depending on the value of the instrument.