I have a RBC model with habit formation. I have computed by hands all steady state values of variables. When I try different values of calibrated parameters of habit persistence, sometimes I got the reply from Dynare that steady state can not be found.
I have read this post:
http://www.dynare.org/documentation-and-support/faq/solutions-simulations
and I think my problem is about unit roots.
I want to identify the values of parameters at which I can not find steady state.
Should I compute Blanchard and Kahn conditions by hands to find the conditions for parameters?
Or I can find some solution with Dynare?
Thank you all for your help. I am new to the forum so please forgive me for any mistake