agent.compute_steady_state is only partial equilibrium. Maybe rename to make that clear?

Question

agent.compute_steady_state is only partial equilibrium. Maybe rename to make that clear?

Opened this issue a year ago · 3 comments

@wdu9 pointed out that macro people might think that the compute_steady_state will generate the general equilibrium in which savings generate a capital stock and labor supply such that the marginal product of capital matches the interest rate and the marginal product of labor generates the wage rate.

Maybe we should name it compute_steady_state_partial or something

@alanlujan91, could you put this on our things-to-do list (do we have such a list? @sbenthall would know)

Answer 1 · 2023-04-04T16:28:06.000Z

I think issues is a good way to keep track of things-to-do, so this post should be sufficient. Only other thing to determine is priority so that we can set the milestone. Would we want this for 0.14.0, or it's more of a 1.0.0?

Answer 2 · 2023-04-04T17:38:52.000Z

0.14.0

Maybe add some tags to it?

Answer 3 · 2023-05-23T18:05:42.000Z

Tags sound like a good idea. Make it so!