Transition path..from one ss to another ss

Dynare help (legacy posts)
1

I want to plot the transition path from one steady state to another steady state after a chock hits the economy (increase in taxex).

I was able to calculate the steady state values of before and after the chock by writting the command “steady” after the intial values block, but don’t know how to plot the transition path of the variables in between these two steady states.

Any help is appreciated,
Noha

2

Dear All,

I have the same problem, so I though it was not worth starting a new topic. In my model an unexpected shock may hit the economy which makes the steady state shift. I would like to plot the adjustment from the orifinal steady state to the new one.

Thanks in advance, Andras