景 ꇦภHomotopy not implemented for purely backward models!

mprojash · October 27, 2019, 6:12am

Hi everyone,

I have been working in the development of this model, it is deterministic but dynare shows that:
SOLVE: maxit has been reached

SOLVE: maxit has been reached

Simulation of the perfect foresight model failed!
Switching to a homotopy method…

Homotopy not implemented for purely backward models!
Failed to solve the model!
Return with empty oo_.endo_simul.
error: rplot: oo_.endo_simul is empty.

I don´t know exactly how can I solve that.

This is my code.
modelo0.mod (1.1 KB)

jpfeifer · October 28, 2019, 1:25pm

Sorry, but I don’t understand your simulation setup. Your simulations should typically end at a steady state, but in your code, you have arbitrary values. What is the idea behind it?

mprojash · October 28, 2019, 2:09pm

This is because I don’t know how to determinate a steady state, and the arbitrary values that I used were based on the evidence of data. Do you have any recommendation about it? Thanks.

jpfeifer · October 29, 2019, 8:46am

Could you please first make sure your model works with stoch_simul before moving to perfect foresight simulations. It would be good to know whether the Blanchard-Kahn conditions are satisfied.

mprojash · October 31, 2019, 3:16pm

Could you please post some examples of labor market models in dynare, better deterministic and simple, for starting again with the construction of my model? Thanks!

jpfeifer · November 1, 2019, 7:21pm

Sorry, but I don’t have such mod-files.