4 methods to compute the steady state of a DSGE model in Dynare
Channel: Willi Mutschler
Date: 2020-04-28

Written guide and all mod files: https://mutschler.eu/dynare/best-practices/steadystate/

In this tutorial, we will discuss four different ways to compute the steady state in Dynare for two versions of the baseline RBC model: one with log-utility such that we know the steady state in closed-form and another one with CES-utility where we cannot solve for labor in closed-form. We will then discuss four methods you can compute the steady state in Dynare: (1) using a `steady-state_model` block, (2) using a `steady_state_model` with a MATLAB helper function, (3) self-written steadystate m-file, and (4) using an `initval` block.

**Timestamps**
00:20 Overview example RBC model
01:12 Method 1: `steady_state_model` block
04:30 Method 2: `steady_state_model` block with helper function
09:30 Method 3: steadystate m-file written in MATLAB
18:00 Method 4: `initval` block