Here is my mod file

di_no.mod (3.5 KB)

, which can be run successfully on dynare. But I found that the residuals of those equations defining variable’s log form are so huge that I think it should not be a steady state. \

Thanks in advance!

Residuals of the static equations:

Equation number 1 : 0 : 1

Equation number 2 : 0 : lntheta_d

Equation number 3 : 1.1763e-07 : 3

Equation number 4 : 0 : 4

Equation number 5 : 0 : q

Equation number 6 : 0 : 6

Equation number 7 : 0 : y

Equation number 8 : 0 : lntheta_f

Equation number 9 : 0 : A

Equation number 10 : 0 : lna

Equation number 11 : 2.6025e-07 : dx

Equation number 12 : 0 : x

Equation number 13 : 0 : e

Equation number 14 : 0 : rk

Equation number 15 : 8.3061e-08 : w

Equation number 16 : 0 : 16

Equation number 17 : 0 : g

Equation number 18 : 0 : lng

Equation number 19 : 0 : 19

Equation number 20 : 0 : 20

Equation number 21 : 0 : 21

Equation number 22 : 0 : 22

Equation number 23 : 0 : 23

Equation number 24 : 0 : 24

Equation number 25 : 0 : lny

Equation number 26 : 0 : lni

Equation number 27 : 0 : lnc

Equation number 28 : -0.45554 : lnk

Equation number 29 : 0.98154 : lnh

Equation number 30 : -0.01005 : lnr

Equation number 31 : 0 : lnpi

Equation number 32 : -0.41524 : lne