Dear all,
When I was running DYNARE V3, I have come across following error message:
SOLVE: Iteration 33
Spurious convergence.
1.0000
1.0000
0.7015
0.0430
0.8163
0.8598
3.0000
0.4624
0.4733
5.4805
4.9157
1.7596
9.5986
-0.7621
-0.0040
0.6362
1.9497
-0.0002
0
0
0
0
0
0
0
0
0
0
-0.0849
14.2835
0.0262
0.0267
-0.0014
2.6541
1.3738
4.0283
0.9109
0.8166
0.1911
0.1003
2.0000
1.0323
1.0375
0.9980
1.5233
9.4447
15.4134
0.7592
-5.8904
2.2095
-0.0012
-0.0003
-0.0012
1.0800
-0.0012
-0.0012
3.9662
2.1356
0.6000
0.4550
4.4783
2.2752
0.3600
2.3543
0.2478
0.4059
1.0000
1.0000
0.3162
-0.0004
2.8341
-0.0001
3.7483
1.8373
0.0105
0.3154
0.2050
1.6899
2.4907
1.5398
4.0292
1.8360
1.0853
1.0300
1.0000
1.0000
9.2485
0.4555
1.0797
1.9945
1.0000
0.7214
-0.8406
0.7673
1.2834
0.9183
0.9183
0.1300
0.1333
0.0240
0.1361
0.1069
1.0300
1.0000
0
0
0
0
0
0
0
0
0
0
SOLVE: Iteration 485
Spurious convergence.
1.0e+003 *
0.0010
0.0010
0.0007
0.0000
0.0008
0.0009
1.3013
0.0005
0.0005
0.0055
0.0049
0.0018
0.0096
-0.0008
-0.0000
0.0006
0.0019
-0.0000
-0.0000
-0.0000
0.0000
-0.0000
-0.0000
-0.0000
0.0000
0.0000
0.0000
-0.0000
-0.0001
0.0143
0.0000
0.0000
-0.0000
0.0027
0.0014
0.0040
0.0009
0.0008
0.0002
0.0001
-0.0105
0.0010
0.0010
0.0010
0.0015
0.0094
0.0154
0.0008
-0.0059
0.0022
-0.0000
-0.0000
-0.0000
-0.0000
-0.0000
-0.0000
0.0040
0.0021
0.0006
0.0005
0.0045
0.0023
0.0010
0.0024
0.0002
0.0004
0.0010
0.0010
0.0003
-0.0000
0.0028
-0.0000
0.0037
0.0018
0.0000
0.0003
0.0002
0.0017
0.0025
0.0015
0.0040
0.0018
0.0011
0.0010
0.0010
0.0010
0.0092
0.0005
0.0011
0.0020
0.0010
0.0007
-0.0008
0.0008
0.0015
0.0009
0.0009
0.0001
0.0001
0.0000
0.0001
0.0001
0.0010
0.0010
-0.0000
-0.0000
-0.0000
-0.0000
-0.0000
-0.0000
-0.0000
-0.0000
-0.0000
-0.0000
??? Error using ==> steady_
STEADY: convergence problems
Error in ==> steady at 13
steady_;
Error in ==> mn20090 at 846
steady;
Error in ==> dynare at 49
evalin(‘base’,fname) ;
Can anyone tell me what reason cause the model does not converge? Many thanks and very appreciated.
Best,
Jing
mn.xls (24 KB)mn.xls (24 KB)
please find soft and data
mn20090.mod (13.7 KB)