Hi, I was running a small DSGE model and i attached the code below. I calculated the steady value with the “fsolve” function and assign them to initial value.

But the error that shows up on dynare is

“Impossible to find the steady-state. Either the mpodel doesn’t have a steady state, there are an infinity of steady states, or the guess values are too

far from the solution”.

is there any way that I can fix this issue?my1.mod (1.9 KB)

Putting `resid`

before `steady`

shows

```
Residuals of the static equations:
Equation number 1 : 4.642e-05 : 1
Equation number 2 : 0.13301 : 2
Equation number 3 : 1.859e-05 : 3
Equation number 4 : -3.9597e-05 : 4
Equation number 5 : -3.986e-05 : 5
Equation number 6 : 0.3777 : y
Equation number 7 : 1.142e-05 : 7
Equation number 8 : 0.33918 : 8
Equation number 9 : -0.43174 : le
Equation number 10 : -6.4e-06 : 10
Equation number 11 : -4.032e-06 : 11
Equation number 12 : 0 : lb
Equation number 13 : 102.2768 : 13
Equation number 14 : -1.6e-07 : 14
Equation number 15 : -0.28291 : 15
Equation number 16 : -14.4811 : 16
Equation number 17 : 0 : 17
Equation number 18 : 0.027 : 18
Equation number 19 : 0 : j
Equation number 20 : 0 : a
Equation number 21 : 0 : abh
```

There are a few problematic equations with large residuals. You should focus on those.

Thank you very much! Further I want to ask how to deal with the problem? or why the residual is so large?

Thank you! I solve the problem, but there is still thesame error:“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”my_1.mod (2.4 KB) ssiacov_my1.m (1.3 KB)

Again

Equation number 1 : 0 : 1

Equation number 2 : 0 : 2

Equation number 3 : 0 : 3

Equation number 4 : 0 : 4

Equation number 5 : -0.010902 : 5

Equation number 6 : 0 : y

Equation number 7 : 0 : 7

Equation number 8 : 0 : 8

Equation number 9 : 0 : le

Equation number 10 : -0.0035561 : 10

Equation number 11 : 0 : 11

Equation number 12 : 0 : lb

Equation number 13 : 137.2103 : 13

Equation number 14 : 0.0029453 : 14

Equation number 15 : -0.28295 : 15

Equation number 16 : -10.2842 : 16

Equation number 17 : 0 : 17

Equation number 18 : 0 : 18

Equation number 19 : 0 : abh

So your initial values lead to a large residual in Equation 13. You should explore why.

Thank you very much! but there is still thesame error:“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”. Can you help me again? Really really thank you!

my_1.mod (2.4 KB) ssiacov_my1.m (1.3 KB)

You did not do anything about my previous comment. Equation 13 still shows the same large residual. You need to find the source of this problem.