Impossible to find the steady state (the sum of squared residuals of the static equations is 44.9060). 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

Steady state
1

Dear colleagues
I receive this error “Impossible to find the steady state (the sum of squared residuals of the static equations is 44.9060). 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” when I run dynare ,some Residuals of the static equations are not 0.
i don’t konw where is wrong? anybody can help me ? I uploaded the code. Thank you so much for your help.
equation.mod (1.9 KB)

image
image517×1090 11.3 KB

2

In most cases this is because you have problems solving steady-state values, you can check the parameters and the calculation process of steady-state solutions.

3

See my reply to your other post at

4

thanks!