I have got a question concerning the steady-state-model block. I’ve calculated the steady-state closed-form solutions of some variables by hand and others by using a Matlab helper function. I stored all steady-state values of the variables in the Matlab workspace (pls. see image attached). Now, I want to paste these steady-state values into the steady-state-model block. My initial approach, however, does not work and Dynare returns an error message:
ERROR: in the ‘steady_state_model’ block, variable ‘z_steady’ is undefined in the declaration of variable ‘z’
Error using dynare (line 282)
Dynare: preprocessing failed
How can I solve this issue?
After specifying the steady_state_model block, I added the Matlab file to my mod file:
// steady-state block
Huge thanks in advance!