Hello,
I have a simple questions, just to be sure, about the replication of Basu and Bundick (2017) paper.
After solving the model in dynare with
stoch_simul(order=3,pruning,k_order_solver,noprint,irf=0)
if i set the capital share from 0.3 to 0.5 as
set_param_value(‘alpha’,0.5 );
and then simulate the model
Ysimul=simult_(oo_.dr.ys,oo_.dr,shock_mat_with_zeros,options_.order);
will Ysimul give me the stoch steady state when alpha is 0.5 or i need to fix the value of alpha to 0.5 in beginning before
stoch_simul(order=3,pruning,k_order_solver,noprint,irf=0)
regards