Hello Professor Johannes,
I am interested to find stochastic steady state in the absence of shocks, which you call it (EMAS in risk matters) on closing devices of SGU 2003 with 3rd order. Please note that model is calibrated to different parameter and hence model is non-linear than the original version of SGU.
After searching for this at forum I found that It has been discussed a lot. Your suggestion in this regard is mostly to look at codes of risk matters or https://github.com/JohannesPfeifer/DSGE_mod/blob/master/Basu_Bundick_2017/Basu_Bundick_2017.mod.
However, I am also interest to find ergodic moments with stochastic steady state. I have one TFP shocks as the original version of SGU while Basu has more than one shocks.
And I could not understand so far how vxo_mean=100sqrt(4(stochastic_steady_state(conditional_variance_R_E_pos))); to adjust for SGU.
Please give me brief on it. Thanks!