Dear all,

I try to run a multi-country model, but I’m now facing some problems to find the steady state; The error message is the following:

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

8 38 48 78”

Please, Can someone help me to solve this problem and to find these cited equations?

The mod file is attached;

Thanks!!!

model_b.mod (8.83 KB)

Using

```
initval(all_values_required);
```

displays:

When using equations like

```
w_@{i} = -u_n_@{i} * u_c_@{i}^(-1);
```

where you have 1/u_c_, you cannot leave the u_c_ initialized to 0.

Thank you very much JPFEIFER for your quick reply;

I will try this solution and will let you know the result.

Best,

Hi Jpfeifer,

I have corrected the initval’s problem, but the dynare can’t find the steady state until now. Please can you help me again?

The corrected mod file is attached;

Thanks!!!

model_b.mod (9.13 KB)

Use model_diagnostics to see that there is a collinearity problem.

Regarding the steady state: look at the equations

```
w_@{i} = -u_n_@{i} * u_c_@{i}^(-1);
```

They are the ones with the residuals.

Thank you Jpfeifer!

I will try to correct it;