Hi there, I built an extension of the Kiyotaky Mooore model. I’m trying to use Dynare to calibrate the model. I’ve tried so many times, even changing the equations order, and I’ve got the following error message:
Warning: Some of the parameters have no value (q_ss, uu_ss, b_ss) when using steady. If these parameters are not
initialized in a steadystate file or a steady_state_model-block, Dynare may not be able to solve the model…
I’ve got this message so many times, I don’t know what is wrong. The parameters q_ss, uu_ss, b_ss are defined on the calibration section.
I’m attaching the dynare code
Thank you very much for your help!
Enrique Dawsonmodelo_km2.mod (1.8 KB)