diff --git a/doc/manual/source/the-model-file.rst b/doc/manual/source/the-model-file.rst index 1beb8f6311c6600d802a3298c91190d8b1587d89..c0185e6a3389ba13c05b71b2ad448f033073eab9 100644 --- a/doc/manual/source/the-model-file.rst +++ b/doc/manual/source/the-model-file.rst @@ -3622,6 +3622,20 @@ speed-up on large models. Used to specify path for all endogenous and exogenous variables. Strictly equivalent to :comm:`initval_file`. + .. option:: endval_steady + + In scenarios with a permanent shock, specifies that the terminal + condition is a steady state, even if the ``steady`` command has not been + called after the ``endval`` block. As a consequence, the subsequent + ``perfect_foresight_solver`` command will compute the terminal steady + state itself (given the value of the exogenous variables given in the + ``endval`` block). In practice, this option is useful when the permanent + shock is very large, in which case the homotopy procedure inside + ``perfect_foresight_solver`` will find both the terminal steady state + and the transitional dynamics within the same loop (which is less costly + than first computing the terminal steady state by homotopy, then + computing the transitional dynamics by homotopy). + *Output* The paths for the exogenous variables are stored into @@ -3945,20 +3959,6 @@ speed-up on large models. ``endval`` or a subsequent ``steady``. Only available with option ``stack_solve_algo==0`` or ``stack_solve_algo==7``. - .. option:: endval_steady - - In scenarios with a permanent shock, specifies that the terminal - condition is a steady state, even if the ``steady`` command has not been - called after the ``endval`` block. As a consequence, the - ``perfect_foresight_solver`` command will compute the terminal steady - state itself (given the value of the exogenous variables given in the - ``endval`` block). In practice, this option is useful when the permanent - shock is very large, in which case the homotopy procedure inside - ``perfect_foresight_solver`` will find both the terminal steady state - and the transitional dynamics within the same loop (which is less costly - than first computing the terminal steady state by homotopy, then - computing the transitional dynamics by homotopy). - .. option:: steady_solve_algo = INTEGER See :ref:`solve_algo <solvalg>`. Used when computing the terminal steady