Hi.

When we solve a DSGE model analyticaly we calculate steady state of the model variables such as Y C I G L W P MC and etc based on the model parameters such as \alpha , \beta , \delta and etc. Can we use steady state of variables with real data mean ?

For example steady state of consumption is mean of LnC_{t}. Or we should obtain steady state values based on the model parameters compeletly.In some DSGE models calculation of steady state for some variables is difficult.