Dear Dynare users,
I have the following question for you, if you can help me.
I tried to solve a dsge model, but I have the following problem. Even though I have written steady-state relations analytically, when I run the code, there is no steady-state.
I have attached the code written by me.
I am very grateful for the possible answers.
Thank you in advance!
Do you use a
steady_state_model-block? If yes, then your steady state computation is incompatible with the entered model equations.
Thank you for the quick answer.
No, I used the initval - block.
Why did you say the computed steady state computation it is incompatible with the entered model equations?
If you truly have computed the steady state correctly, then your initval block should show 0 residuals as the steady state must solve the static model equations. As that is not the case, one of the two is wrong.
I’ve got the mistake. Thank you for the good feedbacks!