Loop in Dynare 4.4; eigval error message

Stochastic simulations
1

Hi all,

I am trying to evaluate the conditional welfare and I am getting the following error

??? Reference to non-existent field ‘eigval’.

Error in ==> check at 80
eigenvalues_ = dr.eigval;

Error in ==> openeconomy_loop_det at 626
oo_.dr.eigval = check(M_,options_,oo_);

Error in ==> dynare at 120
evalin(‘base’,fname) ;

Error in ==> max_cond_welfare2 at 31
dynare openeconomy_loop_det noclearall nolog

How can I solve the problem?

Thanks Boniface
Boniface2.zip (9.09 KB)

2

Your openeconomy_loop_det.mod is unable to compute the steady state.

3

The steady state is reached using dynare 4.3.3. It doesn’t work using the version 4.4.1.

4

Hi,

Could do you please run with 4.3.3?

Boniface

5

No, also with Dynare 4.3.3 it does not find the steady state. This is the fundamental source of your problem.

6

Thanks, I don’t understand how it works perfectly with 4.3.3 in my computer, but not with 4.4.1. I am working on.

7

You could try

steady(solve_algo=4);

in Dynare 4.4.2