Hello together, I am currently solving and estimating a rather complex DSGE model with habit formation and consequently my steady state values depend on parameters that I want to estimate with Dynare. I know that on the one hand I can solve the steady state equations analytically by hand so that th…

There is also [image] Solve steady states for a complex model Steady state Typically, you would reduce the problem to a couple of nonlinear steady state equations you can solve numerically inside of a steady state file and provide an analytical steady state.

Steady State in ML Estimation

Estimation ML/Bayesian estimation

jpfeifer 1 February 2024 13:54 2

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