Dear all,

I encounter a problem when I compute a steady state and I use the SW2007 model to treat the China economic. I find that the endogenous steady state are initial value when the mode compute=1.

Thank you so much for your help

What do you mean? The SW2007 model is linearized and does not require initial values for the steady state. Also, mode-finding is about the parameters, not the steady state values.

Thank you Johannes, I need the steady state values in my paper. Such as the lab, L bar. In the SW2007 model, the parameters are set as:

estimated_params;

// PARAM NAME, INITVAL, LB, UB, PRIOR_SHAPE, PRIOR_P1, PRIOR_P2, PRIOR_P3, PRIOR_P4, JSCALE

// PRIOR_SHAPE: BETA_PDF, GAMMA_PDF, NORMAL_PDF, INV_GAMMA_PDF

constelab,1.2918,-10.0,10.0,NORMAL_PDF,0.0,2.0;

ctrend,0.3982,0.1,0.8,NORMAL_PDF,0.4,0.10;

cgy,0.05,0.01,2.0,NORMAL_PDF,0.5,0.25;

calfa,0.24,0.01,1.0,NORMAL_PDF,0.3,0.05;

Here the mode compute=1, and I delete the mode_file=usmodel_shock_decomp_mode

The results:

oo_.steady_state

1.29180000000000

1.94478161951552

0.700000000000000

0.398200000000000

0.398200000000000

0.398200000000000

0.398200000000000

So the initial values are the steady state values.

`oo_.steady_state`

might not be the right place to look. `oo_.dr.ys`

should be the last steady state. Does `mode_compute=1`

also return the initial values as the mode? And do the `mode_check`

-plots look good?