# Impossible to find steady state in Ireland 2003

**URL:** <https://forum.dynare.org/t/impossible-to-find-steady-state-in-ireland-2003/17557>\
**Category:** Steady state\
**Created:** [26 February 2021 13:16 UTC](https://forum.dynare.org/t/impossible-to-find-steady-state-in-ireland-2003/17557 "2021-02-26T13:16:03Z")\
**Posts on this page:** 1\
**Showing post:** 9

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**Author:** ![jpfeifer](https://forum.dynare.org/user_avatar/forum.dynare.org/jpfeifer/32/5044_2.png) [@jpfeifer](https://forum.dynare.org/u/jpfeifer)\
**Post date:** [13 August 2021 08:11 UTC](https://forum.dynare.org/t/impossible-to-find-steady-state-in-ireland-2003/17557/9 "2021-08-13T08:11:54Z")

</div>

For example

```auto
ln(e)=(1-rhoe)*ln(steady_state(e))+rhoe*e(-1)+epsilone;
ln(z)=(1-rhoz)*ln(steady_state(z))+rhoz*z(-1)+epsilonz;

```

prevents computing the steady state numerically as you are trying to endogenously compute a steady state that needs to be specified by you. Also, you specified initial values of 0 for `e,z`, but you are taking their logs.  
Also, see [An infinity of steady states with Taylor rules](https://forum.dynare.org/t/an-infinity-of-steady-states-with-taylor-rules/4026)

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