# Dynare3.cc:178 in Tille & Van Wincoop paper on international capital flows

**URL:** <https://forum.dynare.org/t/dynare3-cc-178-in-tille-van-wincoop-paper-on-international-capital-flows/20288>\
**Category:** Dynare++\
**Created:** [4 May 2022 17:57 UTC](https://forum.dynare.org/t/dynare3-cc-178-in-tille-van-wincoop-paper-on-international-capital-flows/20288 "2022-05-04T17:57:28Z")\
**Posts on this page:** 1\
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**Author:** ![ansanyal](https://forum.dynare.org/letter_avatar_proxy/v4/letter/a/a88e57/32.png) [@ansanyal](https://forum.dynare.org/u/ansanyal)\
**Post date:** [4 May 2022 19:46 UTC](https://forum.dynare.org/t/dynare3-cc-178-in-tille-van-wincoop-paper-on-international-capital-flows/20288/3 "2022-05-04T19:46:58Z")

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I am facing the same issue with Dynare also. The portfolio allocations are solved at 3rd order approximation. But somehow I am getting the msg about steady state not found.

I saw another thread [Models with portfolio choice](https://forum.dynare.org/t/models-with-portfolio-choice/1373) where it is said that Dynare cannot solve the model.

Any clue will be really appreciated.

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