I’m very new to dynare and economics skills are not good.
Still trying to get steady state from several equations.
Dynare says there are problems but I can’t find where they are.
Please give me your advice.
Adding my mod file and error massege.
Residuals of the static equations:
Equation number 1 : 0.11111 : 1
Equation number 2 : 0 : lamt
Equation number 3 : 0 : 3
Equation number 4 : 27 : 4
Equation number 5 : 0.11111 : 5
Equation number 6 : 0 : at
Equation number 7 : 27 : 7
Equation number 8 : 3.7113 : wp
Equation number 9 : 3.7113 : wi
Equation number 10 : -1.6271 : 10
Equation number 11 : -3.4641 : yt
Equation number 12 : -0.5 : 12
Equation number 13 : -18 : ct
Equation number 14 : 0.4 : it
Equation number 15 : -3.015 : 15
Equation number 16 : -2.99 : 16
Equation number 17 : -2.7761 : bt
print_info (line number 32)
Impossible to find the steady state (the sum of square residuals of the static equations is
1850.3670). 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: steady (line number 102)
print_info(info,options_.noprint, options_);
error: seminar_s.driver (line number 282)
steady;
error: dynare (line number 293)
evalin(‘base’,[fname ‘.driver’]) ;
seminar_s.mod (1.3 KB)