An issue with the steady state

Dynare help (legacy posts)
1

Hello,

I have an issue obtaining the steady state. I tried different initial values and different solution algorithms (0 though 4) and neither succeeded.
Then I solved for the steady state numerically with MatLab’s fsolve (outside of Dynare) and found the steady state.
When I plugged MatLab’s output as initial values for my Dynare code, it still returns the usual error message, regardless of the solver I choose.

Does this match your experience?

Do you have any idea if providing the steady-state values via an external file, as described in the manual, would help?

Thanks in advance.

2

What you describe should be impossible. If you solved your steady state correctly outside of Dynare, it should solve Dynare’s equations. As it does not, either there is still a mistake in your Dynare equations or in your steady state computation. Given your reported problems in finding a steady state in Dynare, I would guess the Dynare model equations.