I am trying to run the model. I dont know if my approach is correct. I have the process for the lambda as in equation 63. lambdass corresponds to lambda at time zero which I want to define to be 2. I don’t have error terms and and want to see effect of change in lambda; for example a shock at time 3.

I got many errors regarding the steady state file. Can I have help how I can fix this ?

I was able to solve some steady state equations analytically but for K and Y that is not possible. Is there any other way to get steady solution of K in this file ?