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