when i run file.mod i have a problem in computing the steady state. Do you have any suggestion to resolve the problem please?
Thank you a lot!
Clara
??? Error using ==> print_info at 74
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
Error in ==> steady at 92
print_info(info,options_.noprint, options_);
Focus on the equations were Dynare shows big residuals. For example in equation 4 when you do the exp-substitution, the brackets seem to be wrong. You might want to consider solving the linear model first and then going to loglinearization later using exp(), once everything else works.
I rewritten the model without (exp) and have corrected errors in the equations with a large residue but I still get the same error message. Is there something else I should do? Thank you for your help. New codes are in attachement.
clara