I’m very beginner in Dynare and I’m trying to estimate a small-open-economy RBC model for an oil exporting country with two policy: with and without an oil fund.
Codes are in attachment
My problem is about steady states when I use second policy. I’m pretty sure I have correctly solved the SS equations although still have errors so clearly have a mistake somewhere. Also Residuals of the static equations are not zero.
What is the problem? And what is the diffrence between initial values and steady states. I gave these two values equal.
Policyb.mod (1.11 KB)