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