MJDGGES returns the following error code: 6

Dynare help (legacy posts)
1

I’m a beginner working with Dynare and trying to estimate a new keynesian model, but always get this error code:

MJDGGES returns the following error code: 6

I’m not sure, if the error occurs, because of i specified wrong steady state vlaues or if the model itself is wrong. Changing the parameters and the steady state values doesn’t remove the error.
I’m using the STEADY_STATE operator and think, i missspecified something. Does anybody of you find the error?
Thank your for your help
model.mod (1.02 KB)

2

Delete the inital values. Your model is linear and hence the steady state is 0 for all variables. And most importantly, in the parameter declaration, change the
phi_phi=1.5;
to
phi_pi=1.5;
as it is meant to be.

3

Thank you very mucht for your help!
Now it works without any problems