Help Impossible to find the steady state

Hi everyone,

I’m currently working on my thesis and have encountered a persistent error when trying to run my Dynare model. The error message I receive is as follows:

Error using print_info
Impossible to find the steady state (the sum of square residuals of the static equations is 1.0272). 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.

Error in check (line 48)
print_info(info, 0, options);

Error in tesis.driver (line 586)
oo_.dr.eigval = check(M_,options_,oo_);

Error in dynare (line 278)
evalin(‘base’,[fname ‘.driver’]);
tesis.m (2.8 KB)
tesis.mod (7.3 KB)
tesis_steady.m (3.3 KB)
TesisStateCalib.m (3.5 KB)

Error in tesis (line 87)
dynare tesis.mod

You need to carefully debug your steady state starting values based on the depicted residuals when calling resid before any other command. You will see that e.g. k_nt= 0.0057 cannot be correct.