Hi,
I am modelo.mod (5.9 KB) new using Dynare. I am trying to get the steady state and I would really appreciate if you could take a look at this code to help me.
The error message is:
An infinite element was encountered when trying to solve equation(s) 56
with respect to the variable(s): be.
The values of the endogenous variables when the problem was encountered were:
c_a 0.306
j_a 0.1256
b_a 0.352
k_a 1.44
x_a 0.4504
w_a 0.527
r_k 0.0099
c_b 0.374
j_b 0.5546
w_b 0.527
i 0.06299
pi 0.0504
e 1.22
ht 0.5
htt 1.111
hfi 0
h_oil 0.0013
pib 1
pin 1
lambda_ac 0
lambda_ak 0
lambda_bc 0
j 0.279
w 0.527
cl 0.68
pl 1
pe 1
ce 0.7942
c 0.68
xl 0.2035
xe 0.0364
x 0.2276
pi_l 0.0504
k 3.2
bien_l 1
x_e 1
kg 0.3775
gg 0.1575
cmp 0.01
cap_s 0.00012
h 0.5081
pe_ast 1
cap_z 1.03e-07
c_le 0.1619
be 0.178
r_e 0.7717
bgt 0.472
b 1.28
ba_t 0.0357
ba_pr 0.0052
ba_es 0.0023
ba_eso 0.01
p_oil 0.6517
y_oil 0.04041
tau 0.1289
r 0.0099
Error using lnsrch1 (line 72)
Some element of Newton direction isn’t finite. Jacobian maybe singular or there is a
problem with initial values
Error in solve1 (line 111)
[x, f, fvec, check] = lnsrch1(xold, fold, g, p, stpmax, func, j1, j2, tolx,
varargin{:});
Error in dynare_solve (line 249)
[x,info]=solver(func,x,j1(r(i):r(i+1)-1),j2(r(i):r(i+1)-1),jacobian_flag, …
Error in evaluate_steady_state (line 221)
[ys,check] = dynare_solve(@static_problem,…
Error in steady_ (line 55)
[steady_state,params,info] =
evaluate_steady_state(oo_.steady_state,M_,options_,oo_,~options_.steadystate.nocheck);
Error in steady (line 80)
[oo_.steady_state,M_.params,info] = steady_(M_,options_,oo_);
Error in modelo.driver (line 793)
steady;
Error in dynare (line 288)
evalin(‘base’,[fname ‘.driver’]) ;
Thanks!