About steady state values

Steady state
1

Dear Dynare team,

after I ran my Dynare code, Dynare produced two “Residuals of the static equations:”. Please see the picture attached below. I understand that it did not find steady state, but why did Dynare give two “Residuals of the static equations:”? Does this mean that my model does not have an unique steady state and Dynare gave two possible steady states?

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Thank you for your help.

Best,
Archil

2

No. The first display is most probably due to a resid-command, so these are the residuals given your starting values before steady state finding. The second one is most probably after a steady-command, so after search for a steady state given your initial values has failed to converge.

3

Got it. Thank you very much.

Best,
Archil