Dear Professor Pfeifer and dynare community,
I am trying to apply NK_baseline.mod file’s approach to provide separate steady state file for my model. But it fails to get the steady state. From the residuals of the equations, it looks like there can be some problem in equation 12, 13,14. Is there any other issue in the .mod file or in the _steadystate.m file?
Particularly, the parameters b1 and delss should be in log in the steady state file? And the government expenditure coefficient omegag’s initial value is assumed 1.
I will be grateful if you give me some comments on the files, what’s going wrong. Professor, I sent you the pdf model file earlier.