I am attempting to run the Fed EDO model described here Federal Reserve Board - Estimated Dynamic Optimization (EDO) Model in Dynare 4.6.4. However, I get the following message:
dynare linearized
Using 64-bit preprocessor
Starting Dynare (version 4.6.4).
Calling Dynare with arguments: none
Starting preprocessing of the model file …
Found 97 equation(s).
Evaluating expressions…done
Computing static model derivatives (order 1).
Computing dynamic model derivatives (order 1).
Processing outputs …
done
Preprocessing completed.
warning: Some of the parameters have no value (theta_wc, theta_wk, s_k, s_ecdc, eta_cnn, eta_cd, eta_ch, mu_, MUZCSS, RCSS, RKSS, WCSS
, WKSS, YCSS, YKSS, MCCSS, MCKSS, KCSS, KKSS, LSS, HCSS, HKSS, QKSS, PKBSS, RSS, ECSS, EIKSS, INFCSS, INFKSS, INFWCSS, INFWKSS, MUCSS,
MUKSS, AHSS, ECDSS, KCDSS, QCDSS, RCDSS, ECHSS, KCHSS, QCHSS, RCHSS, UKSS, UCSS, USS, MUKSShabit, MUCSShabit, INFCNASS, INFCORSS, INF
C10SS, RT2SS, beta_0, beta_2, beta_, PYSS, AA, DD, RR, eta_cd_eta_cnn, eta_ch_eta_cnn, Rnr, ycbi_ykb, hc_hk, HSS, ycbi, ykb, YYSS, s_k
ecd, s_c_ech, s_k_eik, s_yc, IMPHSSS, INFGDPSS, HSKSS, HSCSS, HrCSS, HrKSS, A_HC, A_HK, xsi_NC, xsi_HrC, xsi_NK, xsi_HrK, empCSS, emp
KSS, HrSKSS, HrSCSS, empSCSS, empSKSS, UHCSS, UHKSS, UHSCSS, UHSKSS, DIFFREALGDPSS, DIFFREALECSS, DIFFREALECDSS, DIFFREALECHSS, DIFFRE
ALEIKSS, DIFFREALWSS, RL1SS, RL2SS, RL3SS, RL4SS, RL5SS, RL6SS, RL7SS, DIFFREALGDPSS_obs, DIFFREALECSS_obs, DIFFREALEIKSS_obs, DIFFREA
LECDSS_obs, DIFFREALECHSS_obs, DIFFREALWSS_obs, INFCNASS_obs, INFCORSS_obs, INFKSS_obs, RSS_obs, RT2SS_obs, unempSS_obs) when using st
eady. If these parameters are not initialized in a steadystate file or a steady_state_model-block, Dynare may not be able to solve the
model…
error: eval: TRY must be a string
error: called from
linearized_steadystate at line 9 column 5
evaluate_steady_state_file at line 49 column 24
evaluate_steady_state at line 210 column 22
steady at line 55 column 28
steady at line 80 column 35
driver at line 1453 column 1
dynare at line 293 column 1
I think Dynare is not running the steadystate file. How can I solve this?