Risky Steady State(Groot,2013,EL)

General DSGE Modeling Replication Attempts
1

Dear all,

I was wondering if someone knows how to compute the risky steady state of a model as described by de Groot (EL2013) in “Computing the risky steady state of DSGE models”. The Matlab code is not currently available on his academic website.

Thank you all very much,
Best regards
Ningyuan Wang

2
  1. Did you ask him?
  2. Finding that steady state should not be too complicated. If I understand it correctly, you could simply iterate the decision rules forward. The problem is approximations around that risky steady state.
3

Hi,Professor
1.I sent an email to Professor de Groot, but there is no reply.
2.I will try the solution you provided.Thank you very much for your reply.