Impossible to find the steady state with ss analytically solved


I am working on an open economy DSGE model. The baseline model already worked and i want to show the case without financial friction. I have solved the steady state while it still reports ‘impossible to find the ss’. I reduced the tolerance level by
it shows there is no non-zero residual but still impossible to find the ss. Attach is my code:

executive_frictionless.m (3.0 KB)
frictionless.mod (17.8 KB)

Anyone can help me on this issue?

Your order is wrong. You only set the tolerance after calling steady. Also there is a bug in the tolerance criteria in Dynare 4.6.1 and earlier ( Use



Thanks professor Pfeifer! The problem has been solved by your guidance!