Hi,everyone! I am facing the following problems, a series of problems that occurs while simulating, could you please help me fix it? **The most confusing problem is that **I have computed the steady state in the .mod file, but the following problems occur : "You Impossible to find the steady state. Either the model doesn’t have a unique steady state of the guess values are too far from the solution“

dynare fs2000

Configuring Dynare …

[mex] Generalized QZ.

[mex] Sylvester equation solution.

[mex] Kronecker products.

[mex] Sparse kronecker products.

[mex] Bytecode evaluation.

[mex] k-order perturbation solver.

[mex] k-order solution simulation.

Starting Dynare (version 4.2.1).

Starting preprocessing of the model file …

Substitution of exo lags: added 1 auxiliary variables and equations.

Found 30 equation(s).

Evaluating expressions…done

Computing static model derivatives:

- order 1

Computing dynamic model derivatives: - order 1

Processing outputs …done

Preprocessing completed.

Starting MATLAB/Octave computing.

STEADY-STATE RESULTS:

Y 0.00625684

C 0.0185632

I -0.0123064

K -0.492254

Ke 0.0143672

D 0.137502

L 0.644124

H 0.377415

He 0.0759695

Hb 0.301446

pia 1.012

pi_st 1

r 0.1411

rf 0.035101

rl 0.0374653

w 0.0474393

mc 0.9

kap 1.27933

lam 0.15

eta 53.87

g1 1.45842

g2 1.62046

vp 1

d 1

A 2.5

Y_obs -5.07408

rd_obs 0.035101

L_obs -0.439865

pia_obs 1.012

EIGENVALUES:

Modulus Real Imaginary

```
0 -0 0
3.478e-018 3.478e-018 0
0.8 0.8 0
0.85 0.85 0
0.85 0.85 0
0.85 0.85 0
0.9707 0.9707 0
1.037 1.037 0
1.263 1.263 0
Inf Inf 0
Inf Inf 0
Inf Inf 0
Inf Inf 0
Inf Inf 0
Inf Inf 0
```

There are 8 eigenvalue(s) larger than 1 in modulus

for 8 forward-looking variable(s)

The rank condition is verified.

You did not declare endogenous variables after the estimation command.

Loading 58 observations from data_fs2000.m

SOLVE: maxit has been reached

SOLVE: maxit has been reached

Error in computing likelihood for initial parameter values??? Error using ==> print_info at 52

Impossible to find the steady state. Either the model doesn’t have a unique steady state of the guess values are too far from the solution

Error in ==> initial_estimation_checks at 101

print_info(info, options_.noprint)

Error in ==> dynare_estimation_1 at 122

initial_estimation_checks(xparam1,gend,data,data_index,number_of_observations,no_more_missing_observations);

Error in ==> dynare_estimation at 62

dynare_estimation_1(var_list,varargin{:});

Error in ==> fs2000 at 399

dynare_estimation(var_list_);

Error in ==> dynare at 132

evalin(‘base’,fname) ;

Any help from you will be warmly appreciated! Thanks!

Qingyin Ma

data_fs2000.m (3.62 KB)

fs2000.mod (5.81 KB)