IRIS Toolbox Reference Manual

&

Reference to the steady-state level of a variable

Syntax

&Variable_Name
$Variable_Name

Description

Use either a & or $ sign in front of a variable name to create a reference to that variable's steady-state level in transition or measurement equations. The two signs, & and $, are interchangeable.

The steady-state reference will be replaced

Example

x = rho*x{-1} + (1-rho)*&x + epsilon_x !! x = 1;