Hello people,

I have some problems when I run my Dynare-file in Matlab:

Residuals of the static equations:

Equation number 1 : 0

Equation number 2 : 0

Equation number 3 : 0.010971

Equation number 4 : 0.047485

Equation number 5 : 0

Equation number 6 : 0

Equation number 7 : 0

Equation number 8 : 0

Equation number 9 : -0.88789

Equation number 10 : 0

Equation number 11 : 0

Equation number 12 : 0

Equation number 13 : 0

Equation number 14 : 0

Equation number 15 : NaN

Equation number 16 : 0

Equation number 17 : -0.031255

Equation number 18 : -0.010204

Equation number 19 : 0

Equation number 20 : 0

Equation number 21 : 0

Equation number 22 : 0

Equation number 23 : 0

Equation number 24 : 0

Equation number 25 : 0

Equation number 26 : 0

STEADY: numerical initial values or parameters incompatible with the following equations

15

Check whether your model in truly linear

Error using print_info (line 80)

The steady state contains NaN or Inf

Error in check (line 76)

print_info(info, 0, options);

Error in Stock_Market_DSGE (line 464)

oo_.dr.eigval = check(M_,options_,oo_);

Error in dynare (line 180)

evalin(‘base’,fname) ;

I took all parameters from the paper. Where could be an error?

I want to replicate an interesting paper of castelnuovo and nistico, but I’m a newbie in Dynare and very confused.

ould someone help me ?

Stock_Market_DSGE2.mod (12.3 KB)