We are now planning to pelicate the basic model of Iacoviello 2015.
Unfortunately our code does not work, neither the code provided by Iacoviello himself.
We always have a converging problem.
Error using steady_ (line 27)
STEADY: convergence problems
…
As we are totally beginners with dynare, there might be some dumb mistakes.
Note: we took the same initial values as in our replication of a simpler Version of Iacoviello’s 2005 paper, which worked.
We are grateful forany help! Project3m.mod (1.41 KB)
Professor,
Thank youfor your time, when I ran the code of Financial Business Cycle,I encounter the following words.Idon‘t know why. Can you explain it tome? fbc1_rbc.mod (10.5 KB)
Error using print_info (line 57)
Impossible to find the steady state. Either the model doesn’t have a steady state, there are an infinity of steady states, or the guess values are too far from the solution