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### 4.4 Parameter initialization

When using Dynare for computing simulations, it is necessary to calibrate the parameters of the model. This is done through parameter initialization.

The syntax is the following:

    PARAMETER_NAME = EXPRESSION;

Here is an example of calibration:

    parameters alpha, bet;

    beta = 0.99;
    alpha = 0.36;
    A = 1-alpha*beta;

Internally, the parameter values are stored in `M_.params`:

MATLAB/Octave variable: M_.params

  Contains the values of model parameters. The parameters are in the order that was used in the `parameters` command.

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