Steady State Values of a variable

Dynare help (legacy posts)
1

Hi,

is there a way I can declare steady state values in my model block, let’s say I want to include the deviation from the steady state of variable, so something like Y-Yss ??

Thank you
Maren

2

Dear Maren,

why do you need to declare the steady state value? What are inputs and expected outputs of your model? Do you use Bayesian estimation? Did you have a look into some book, e.g. this one press.princeton.edu/titles/8436.html?

Regards,
Pavel

3

Hi,

This feature is implemented in the unstable version of Dynare, and will be incorporated in the upcoming Dynare 4.1 release.

The syntax looks like that:

... Y - STEADY_STATE(Y) ...

Best

4

ok, great, thank you so much!