Convergence problems

Dynare help (legacy posts)
1

Hi, I’m doing a DSGE model with two sectors: tradables and not tradables, but in my model appear this messaje

??? Error using ==> steady_
STEADY: convergence problems

Error in ==> steady at 52
steady_;

Error in ==> sobrenatural4 at 140
steady;

Error in ==> dynare at 132
evalin(‘base’,fname) ;

i don’t now what is the problem, I work whit dynare 4.1

thanks!!
sobrenatural4.mod (1.33 KB)

2

Put this steady state in the block “initval” :

initval;
ct = 2.52;
cn = 2.59804;
c = 6;
kt = 65997;
kn = 30.2608;
p = 1.33947;
b = -166393;
rem = 0;
k = 66027.2;
end;

That works but strange results. The model is correct ?

3

thanks, you are rigth, my model has a problem. how do you find the initvalues?

4

I just found the steady state by hand. You should find a tutorial - how to find the steady state -on google who explains that.