Hi, there,

I constructed a model and build the FOCs into the mod file. However, the errors that occur appear as:

Warning: Some of the parameters have no value (alpha_p) when using steady. If these parameters are not initialized in a steadystate file, Dynare may

not be able to solve the model…

In test_for_deep_parameters_calibration at 46

In steady at 33

In code_for_simulation3 at 281

In dynare at 120

STEADY: numerical initial values incompatible with the following equations

15 17

??? Error using ==> dynare_solve at 94

exiting …

Error in ==> steady_ at 120

[oo_.steady_state,check] = dynare_solve([M_.fname ‘_static’],…

Error in ==> steady at 54

steady_;

Error in ==> code_for_simulation3 at 281

steady;

Error in ==> dynare at 120

evalin(‘base’,fname) ;

What does it mean? How can I possibly fix this problem?

Help! Thanks in advance!