I am trying to add small open economy effects on the Gertler and Karadi 2011 model of unconventional policy.
I am still new to Dynare and have been working with the replication files from macromodelbase.com.
I have tried adding the SOE effects in the current file structure, but steady state is not computed and I am having a hard time troubleshooting since I am not 100% sure what happens in the external files. Error message:
[quote]Error using print_info (line 55)
The steadystate file did not compute the steady state
Error in check (line 76)
Error in NK_GK11_rep (line 401)
oo_.dr.eigval = check(M_,options_,oo_);
Error in dynare (line 120)
Hence, I would like help to getting Dynare to calculate the steady state internally i.e. from inside Dynare using no external files (just the .mod). Or, alternatively, help on getting the attached SOE codes right. If I just copy the steady state results from the original replication files as initial values Dynare cannot find steady state. Any suggestions on how to proceed?
Attached are my attempt to incorporate SOE in the current file structure - indented equations in the files are added by me.