Solving for steady state

Dynare help (legacy posts)
#1

Hi everyone,

I have the following system of equations, which is my model block:
C^(-sigma)=(beta/Q)C(+1)^(-sigma);
C^(-sigma) = N^phi/W;
C^(-sigma) =beta(C(+1))^(-sigma)*(1-delta+R(+1));
K(+1) = (1-delta)K+I;
Y = AN^(1-alpha)K^alpha;
W = (1-alpha)AN^(-alpha)K^alpha;
R = alphaAN^(1-alpha)K^(alpha-1);
Y = C + I;
B = 0;
A = A(-1)^rhoexp(epsilon);

I need to calculate the steady state by hand, such that the steady state values depend only on parameters like phi, epsilon, alpha etc.
As this is kind of tedious i was wondering if there is a way to let dynare/matlab solve this system, to compare with my own results?

Thanks in advance!

Regards,
kartoffel

#2

You can just provide starting values in the initval block and use the steady command. For your simple model, this should work.