Steady state file

Dynare help (legacy posts)
41

Dear jpfeifer,

Many thanks for your help.
Please see the attached, if you change the feedback coefficients steady-state changes. Please take a look if i define correctly the rules. (lines 73-75)

P.
nk_closed_welfare_sg.mod (2.34 KB)

42

Your problem derives from specifying the Taylor rule not as reactions to deviations from actual steady state values, but from approximate values only. This results in the model having several steady states. This is not a problem with Dynare.

43

P.S.: If you want to continue this discussion about how to deal with this issue, please move it to a new post.

44

Thanks.

Ok i will.

P.