Hello, I have a few questions regarding the steady state file. So, I have a loglinearized model with steady state expressions obviously entering the linearized equations. I have written a script using fsolve to find the steady state variables in my system, which I then manually input into my dynar…

Your last exogenous process has the wrong timing. It must be cstar = rhoC*cstar(-1) + epsC;

I tried to include this but it still doesn’t work. It might have to do with the Dynare version. Thanks a lot for trying !!!

There are several things wrong in your mod file: You declared way to many parameters, which you don’t even use in the model block. So get rid of them. If you need steady states as parameters, like Css which is consumption in steady state, you can simply replace Css in the model block by steady_sta…

Thank you for clarifying and the videos, I just watched them . They are highly instructive and very easy to recommend to new users.

Thank you very much for your helpful comments. I tried to make all the changes you proposed but I end up having this error message: " dynare thesis.mod Using 64-bit preprocessor Starting Dynare (version 4.6.1). Calling Dynare with arguments: none Starting preprocessing of the model file … Fou…

The error message reflects that you did not set all variables in your steady state file. The complaint here is that you did not set c

Hi, c is the consumption in the log linear model and I set it as a variable in my mod file. I dont use c in the steady state file (i only use the steady state consumption Css). Why should I set it in the steady state file ?

[image] Dudy: Warning: Some of the parameters have no value (Css, Rkrss, Yss, Mss, Iss) when using steady. If these parameters are not initialized in a steadystate file or a steady_state_model-block, Dynare may not be able to solve the model… This warning gives you a hint: you use parameter…

[image] Dudy: Why should I set it in the steady state file ? In the steady state file, you need to provide a steady state value for ALL variables.

I actually did that but there is an issue. My problem still comes from the steady state variables that come from the level model (Css, Iss, Mss, Yss and Rkrss). I am using a log linear model where equations contain steady state variables that come from the level model (21 equations that I had to sol…

Regardless of which approach you use, anything that is time-invariant must be a parameter. You will need to use a steady_state_model-block or steady state file to set the steady state values for the variables like c. If the model is linearized, then everything has steady state 0 update the paramet…

Steady State File

Steady state

jpfeifer 14 May 2020 08:45 38

So you are trying to bring the codes to Dynare 4.6.? The 4.5 version is at