Finding steady state. error.....help

Dynare help (legacy posts)
1

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)

2

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.

3

Thank you very much JPFEIFER for your quick reply;

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

Best,

4

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)

5

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.

6

Thank you Jpfeifer!
I will try to correct it;