Path from initival to steady

#1

Hi, everybody. I’m a newcomer to dynare and first time poster here. I want to know how to find the path from initial capital stock to the optimal capital and consumption levels if the initial capital stock is given by dynare

#2

Hello Xueyuehen,

I am also new on Dynare so maybe my advice is not the best, but I don’t think that you need Dynare to do what you want. If I understand correctly you want to represent the ODE using your first guess for the capital level. I think that depending on your model you can write a simple program that updates the variables from your initial guess until convergence to the steady state. I think it would be an application of the Gauss-Jacobi iterative procedure.

#3

thank you for your advice! I have finish this problem now.

#4

An example of this is https://github.com/JohannesPfeifer/DSGE_mod/blob/master/Solow_model/Solow_SS_transition.mod