We should get rid of the initial_guess_w_SS parameter and specify our solution method correctly in the steady-state equilibrium documentation of OG-Core.
- In our steady-state computation in SS.py, we no longer use the initial_guess_w_SS parameter.
- Instead, we solve for our initial guess for w_SS as a function of our initial guess for r_SS in line 1289 of SS.py using the get_w_from_r() function in firm.py.
- The steady-state equilibrium solution documentation in the "Steady-state solution method" section of the OG-Core documentation does not specify this part of generating the initial guess for w from the initial guess for r. Nor does it specify that the initial guess for r_p comes from the initial guess for r.
Note: If we remove the initial_guess_w_SS parameter from OG-Core, we will have to remove it from any of our country calibrations that have it in their respective [cntry_package]_default_parameters.json file. For example, this parameter exists in the OG-PHL file currently.
cc: @jdebacker
We should get rid of the
initial_guess_w_SSparameter and specify our solution method correctly in the steady-state equilibrium documentation of OG-Core.- In our steady-state computation in
SS.py, we no longer use theinitial_guess_w_SSparameter.- Instead, we solve for our initial guess for
w_SSas a function of our initial guess forr_SSin line 1289 of SS.py using theget_w_from_r()function infirm.py.- The steady-state equilibrium solution documentation in the "Steady-state solution method" section of the OG-Core documentation does not specify this part of generating the initial guess for w from the initial guess for r. Nor does it specify that the initial guess for r_p comes from the initial guess for r.
Note: If we remove the
initial_guess_w_SSparameter from OG-Core, we will have to remove it from any of our country calibrations that have it in their respective[cntry_package]_default_parameters.jsonfile. For example, this parameter exists in the OG-PHL file currently.cc: @jdebacker