Hi, professor，how to solve the error reporting problem during the steady state solution process? Is it because the parameter assignment is incorrect？Or because of a steady-state solution error？Thank you in advance.
Warning: The matrix is close to a singular value or scaling error. The results may not be accurate.RCOND = 1.913030e-16。
In trust_region>dogleg (line 202)
In trust_region (line 112)
In dynare_solve (line 185)
In evaluate_steady_state (line 223)
In steady_ (line 55)
In steady (line 81)
In nk_bgg4 (line 453)
In dynare (line 223)
There are 7 eigenvalue(s) larger than 1 in modulus
for 8 forward-looking variable(s)
The rank condition ISN’T verified!
Total computing time : 0h00m00s
Note: warning(s) encountered in MATLAB/Octave code
Hello professor, based on your suggestion, I modified the model to determine the capital K in the entrepreneur contract and determine the variable labor L through profit maximization, but I still reported an error. Is there a problem with the steady-state solution or is the parameter assignment incorrect? Thank you in advance.
Incorrect use print_info (line 83)
Impossible to find the steady state. 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