Does RBC models pin down equilibrium output, amount of labor and capital without initial condition?
In ordinary equilibrium models, we can pin down equilibrium quantity by supply-demand functions.Is this the same in RBC models? Can we pin down equilibrium output and amount of labor and capital without initial conditions with stochastic variations? Or do we need initial conditions (time $0$ conditions) for labor and capital?
I am not sure what you mean by RBC models. I could probably help you here. many macro models are systems of stochastic difference equations which either need an initial condition or some other boundary or transversality constraint to solve.
