FullEquation !! SteadyStateEquation;
For each transition or measurement equation, you can provide a separate steady-state version of it. The steady-state version is used when you run the functions sstate
and chksstate
, the latter unless you change the option 'eqtn='
. This is useful when you can substantially simplify some parts of the full dynamic equations, and help therefore the numerical solver to achieve faster and possibly laso more accurate results.
Why is a double exclamation point, !!
, used to start the steady-state versions of equations? Because if you associate your model file extension(s) (such as 'mod'
or 'model'
) with the Matlab editor, anything after an exclamation point is displayed red making it easier to spot the steady-state equations.
The following steady state version will be, of course, valid only in stationary models where we can safely remove lags and leads.
Lambda = Lambda{1}*(1+r)*beta !! r = 1/beta - 1;
log(A) = log(A{-1}) + epsilon_a !! A = 1;