Steady state in the BGG models

Dear Professor jpfeifer ; Thank you very much for the answers you give to our questions.We appreciate your help.
I have a question about the steady state in the BGG models. Thanks for guiding me

in the articles of Professor Lawrence Christiano:

I must also say that: B is loan, Z is loan interest rate, K is capital,R_k is Capital rate of return,omega is idiosyncratic shock, omegatilde is cutoff point of default,q is price of capital.
thank you

I am not sure I understand. Shouldn’t the calibration for the cutoff be the same, even if you approach it from two different sides? You need to understand where the differences come from.

One additional note: are you sure you have the right targets? B/Y=0.3 in quarterly data implies 120% of GDP in annual data.