I tried to modify this attached code a little by introducing simple capital equation.
But it is not giving steady state. Giving below mentioned error.
ogap.mod (10.4 KB)
Starting Dynare (version 6.3).
Calling Dynare with arguments: none
Starting preprocessing of the model file ...
Found 24 equation(s).
Evaluating expressions...
Computing static model derivatives (order 1).
Normalizing the static model...
Normalization failed with cutoff, trying symbolic normalization...
Finding the optimal block decomposition of the static model...
16 block(s) found:
13 recursive block(s) and 3 simultaneous block(s).
the largest simultaneous block has 4 equation(s)
and 4 feedback variable(s).
Computing dynamic model derivatives (order 1).
Normalizing the dynamic model...
Finding the optimal block decomposition of the dynamic model...
7 block(s) found:
5 recursive block(s) and 2 simultaneous block(s).
the largest simultaneous block has 7 equation(s)
and 7 feedback variable(s).
Preprocessing completed.
Preprocessing time: 0h00m01s.
Error using print_info (line 33)
Impossible to find the steady state (the sum of squared residuals of the static equations is 0.4524). Either the model doesn't have a steady state, there are an infinity of steady
states, or the guess values are too far from the solution
Error in stoch_simul (line 119)
print_info(info, options\_.noprint, options\_);
Error in ogap.driver (line 884)
\[info, oo\_, options\_, M\_\] = stoch_simul(M\_, options\_, oo\_, var_list\_);
Error in dynare (line 308)
evalin('base',\[fname '.driver'\]);