Hi,
I am a new user of the Dynare, doing my dissertation using Financial Business Cycles (2013) by Iacoviello, I kinda tied to replicate it, but face the problem of unknown variable, but I have that variable in my equations and its consumption for entrepreneurs. Can anybody help, cos I really dont know whats wrong, maybe whole my model.

You use beta, but did not define such a parameter. Thus, you are effectively calling the matlab beta-distribution function, which needs two input arguments.

Dear jpfeifer,
I got my model, now it is better still i have problem with steady state like this, Error using print_info (line 57)
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.

I am really appreciate your help. Thank you so much new.mod (2.97 KB)