# HELP! Can't find steady state

dear all:
Looking for help! I run the model with dynare, the result as follows:

Using 64-bit preprocessor
Starting Dynare (version 4.6.4).
Calling Dynare with arguments: none
Starting preprocessing of the model file …
Found 25 equation(s).
Evaluating expressions…done
Computing static model derivatives (order 1).
Computing dynamic model derivatives (order 1).
Processing outputs …
done
Preprocessing completed.

Residuals of the static equations:

Equation number 1 : 0.26577 : 1
Equation number 2 : -0.47584 : 2
Equation number 3 : 3.2103 : 3
Equation number 4 : -2.0113 : 4
Equation number 5 : -0.48792 : 5
Equation number 6 : -1.1247 : 6
Equation number 7 : 17.7059 : 7
Equation number 8 : 1.9174 : 8
Equation number 9 : 3.0055 : 9
Equation number 10 : -4.1117 : 10
Equation number 11 : 0.12312 : 11
Equation number 12 : 1.9089 : 12
Equation number 13 : -1.4678 : 13
Equation number 14 : -1.7295 : 14
Equation number 15 : 0 : 15
Equation number 16 : 0.19273 : 16
Equation number 17 : 0.15151 : 17
Equation number 18 : -1.0607 : 18
Equation number 19 : 0.85296 : 19
Equation number 20 : -0.097529 : r_m
Equation number 21 : 0.0005 : r_bh
Equation number 22 : 0.0001 : r_bE
Equation number 23 : -1.0019 : 23
Equation number 24 : -0.016703 : 24
Equation number 25 : 2.0061 : 25

Impossible to find the steady state (the sum of square residuals of the static equations is 375.0218). Either the model doesn’t have a
steady state, there are an infinity of steady states, or the guess values are too far from the solution

print_info(info,options_.noprint, options_);

evalin(‘base’,[fname ‘.driver’]) ;

I have 2 questions:
1.Some residuals are too large, why do this happen? How to make it near 0?
2.What the errors mean? How to solve this problem?

Thanks a lot!
sample2.mod (2.7 KB)

How did you get your initial values? It can be really tricky getting good starting values, and thus making it work with this method.

So the key to solving the smaller residual is to find a suitable initial value, how to find it? How to solve the error in print_info (line 32)? Looking forward to your reply, thank you very much!

For starters, only do the exp()-substitution once the model works.

Thanks a lot. And I want to know where is the problem? The model is wrong or the initial value is wrong?