A method for taking models to the Data(2003)

Steady state
1

Hi there.
I am trying to operate a code(DSGE) of Peter N. Ireland(2003) model.
I make a code and try several times but it deosn’t work. I want to know the reason.

Errors:
The steadystate file did not compute the steady state
print_info(info,options_.noprint, options_);
steady;
evalin(‘base’,[fname ‘.driver’]);

I will upload the code that I made.
Thanks.
ireland2.mod (1.4 KB)

2

Your steady state computations are wrong. Focus on the equations with residuals. For example, the interest rate from the Euler equation should be r = eta/beta-(1-delta);