I encountered some problems in performing deterministic simulations with version 4 of dynare (whereas it works quite well with version 3).
First, dynare v4 fails if no exogenous variable is declared, which nevertheless can be fixed by adding
at the top of the .mod file.
Second, dynare v4 fails when simulations start from out of steady state values for state variables (see the file attached for an example).
Could anyone help me?
Thanks in advance.
model2.mod (481 Bytes)