Skip to content
GitLab
Menu
Projects
Groups
Snippets
Help
Help
Support
Community forum
Keyboard shortcuts
?
Submit feedback
Contribute to GitLab
Sign in / Register
Toggle navigation
Menu
Open sidebar
Dóra Kocsis
dynare
Commits
b8e3ce0c
Commit
b8e3ce0c
authored
Dec 04, 2013
by
Stéphane Adjemian
Browse files
Merge pull request #550 from JohannesPfeifer/master
Document treatment of parameters in steady state files
parents
968b20d1
323bfaf3
Changes
1
Hide whitespace changes
Inline
Side-by-side
doc/dynare.texi
View file @
b8e3ce0c
...
...
@@ -2857,6 +2857,20 @@ of a heavier programming burden and a lesser efficiency.
@end itemize
Note that both files allow to update parameters in each call of
the function. This allows for example to calibrate a model to a labor
supply of 0.2 in steady state by setting the labor disutility parameter
to a corresponding value (see @file{NK_baseline_steadystate.m} in the
@file{examples} directory). They can also be used in estimation
where some parameter may be a function of an estimated parameter
and needs to be updated for every parameter draw. For example, one might
want to set the capital utilization cost parameter as a function
of the discount rate to ensure that capacity utilization is 1 in steady
state. Treating both parameters as independent or not updating one as
a function of the other would lead to wrong results. But this also means
that care is required. Do not accidentally overwrite your parameters
with new values as it will lead to wrong results.
@anchor{steady_state_model}
@deffn Block steady_state_model ;
...
...
Write
Preview
Markdown
is supported
0%
Try again
or
attach a new file
.
Attach a file
Cancel
You are about to add
0
people
to the discussion. Proceed with caution.
Finish editing this message first!
Cancel
Please
register
or
sign in
to comment