I’m interested in computing an approximation to the policy function away from the deterministic steady state.

*Dynare++* provides a way to do that using the *–steps* option discussed in Section 4.2 of the *dynare++* manual. Since the regular version of *dynare* relies on *dynare++* binaries, I was wondering whether it is possible to invoke that option in regular *dynare* somehow (I’m trying to avoid porting my regular dynare *.mod* file, which relies on a number features incompatible with *++*…)?

If the answer is ‘no’ (as I fear), one alternative I’m considering (based on this thread) is to have *dynare++* compute the fixed point of the decision rule corresponding to non-zero sigma, and then specify it in *dynare’s* *steady_state_model* block, with option *nocheck* selected. While in general I would not expect this to yield correct results (in line with the suggestion in the linked thread), the one case it could, in principle, work correctly is when it’s manually ‘fed’ a fixed point corresponding to non-zero sigma?

Thoughts / suggestions would be appreciated. Thanks in advance,

Pawel

ps. If I have a spare sec, I may compare the two (i.e. the *dynare* ‘hack’ and directly invoking *dynare++*) using a simple RBC model, in which case I will also post back the outcome.