Dear all,

I am still trying to replicate the Sims and Wu (2021) paper, but running into errors. So far, I have derived the model also in the steady state following the code of the authors and created the necessary files, but still receive the errors shown below. Could you please give me a hint how to proceed? The code of the authors posted on their website is not running neitherâ€¦

Thank you.

Kind regards,

Daria

```
Configuring Dynare ...
[mex] Generalized QZ.
[mex] Sylvester equation solution.
[mex] Kronecker products.
[mex] Sparse kronecker products.
[mex] Local state space iteration (second order).
[mex] Bytecode evaluation.
[mex] k-order perturbation solver.
[mex] k-order solution simulation.
[mex] Quasi Monte-Carlo sequence (Sobol).
[mex] Markov Switching SBVAR.
Using 64-bit preprocessor
Starting Dynare (version 4.5.6).
Starting preprocessing of the model file ...
Found 51 equation(s).
Evaluating expressions...done
Computing static model derivatives:
- order 1
Computing dynamic model derivatives:
- order 1
- order 2
Processing outputs ...
done
Preprocessing completed.
Warning: Some of the parameters have no value (b, beta, Chi, eta, epsw, phiw, epsp, phip, alpha, psi, kappa, delta, sigma, rhor,
phipi, phiy, rhof, sf, rhob, sb, rhoA, sA, rhoG, sG, rhoTheta, stheta, gammaw, gammap, X, delta0, delta1, delta2, kappaI, sr, rhoB,
RTRs, Pis, fcbVs, bcbVs, GVs, ThetaVs, bGVs, sB, gy, fcb_frac, bcb_frac, bgy, sp, levs) when using steady. 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...
Residuals of the static equations:
Equation number 1 : -1.0301
Equation number 2 : 0
Equation number 3 : 0.053802
Equation number 4 : 0
Equation number 5 : 0
Equation number 6 : 0
Equation number 7 : 0
Equation number 8 : 0
Equation number 9 : 0
Equation number 10 : 0
Equation number 11 : 0
Equation number 12 : 0
Equation number 13 : 0
Equation number 14 : 0
Equation number 15 : 1.165
Equation number 16 : 0
Equation number 17 : 0
Equation number 18 : 0
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
Equation number 27 : 0
Equation number 28 : 0
Equation number 29 : 0
Equation number 30 : 0
Equation number 31 : 0
Equation number 32 : 0
Equation number 33 : 0
Equation number 34 : 0
Equation number 35 : 0
Equation number 36 : 0
Equation number 37 : 0
Equation number 38 : 0
Equation number 39 : 2.0394
Equation number 40 : 0
Equation number 41 : 0
Equation number 42 : 0
Equation number 43 : 0
Equation number 44 : 0
Equation number 45 : 0
Equation number 46 : 0
Equation number 47 : 0
Equation number 48 : 0
Equation number 49 : 0
Equation number 50 : 0
Equation number 51 : 0
Error using print_info (line 76)
The steadystate file did not compute the steady state
Error in steady (line 104)
print_info(info,options_.noprint, options_);
Error in my_model (line 449)
steady;
Error in dynare (line 235)
evalin('base',fname) ;
```

my_model.mod (6.5 KB)

my_model_ss.m (3.9 KB)

my_model_steadystate.m (314 Bytes)

my_param.m (2.3 KB)

my_param_ss.m (2.8 KB)