Hi everyone,
It’s the first time I use dynare and I’m struggling with errors…
When I run my dynare code, appear this error:
Warning: Some of the parameters have no value (U, wgss, wbss, cgss) when using steady. If these parameters are
not initialized in a steadystate file or a steady_state_model-block, Dynare may not be able to solve the model…
Residuals of the static equations:
Equation number 1 : NaN
Equation number 2 : NaN
Equation number 3 : NaN
Equation number 4 : NaN
Equation number 5 : NaN
Equation number 6 : NaN
Equation number 7 : NaN
Equation number 8 : NaN
Equation number 9 : NaN
Equation number 10 : NaN
Equation number 11 : NaN
Equation number 12 : NaN
Equation number 13 : NaN
Equation number 14 : NaN
Equation number 15 : NaN
Equation number 16 : NaN
Equation number 17 : NaN
Equation number 18 : NaN
Equation number 19 : NaN
Equation number 20 : NaN
Equation number 21 : NaN
Equation number 22 : NaN
Equation number 23 : NaN
Equation number 24 : NaN
Equation number 25 : NaN
Error using print_info (line 90)
The steady state contains NaN or Inf
Error in steady (line 104)
print_info(info,options_.noprint, options_);
Error in withotjs (line 394)
steady;
Error in dynare (line 223)
evalin(‘base’,fname)
I attached my dynare code in document attached.
Could you please help me to solve it?
Thank you so much
withotjs.mod (3.1 KB)