NaN in steady state for ramsey model

Optimal Policy
1

Hello everyone,
I’m doing a ramsey (commitment) policy for simple small open economy model by Galli and Monacelli (2005). I added some other shocks besides productivity and world output shocks (which are in the paper). But as I implement this policy, I only let the productivity shock to happen.

I get errors as NaN in the steady state. Why do I get that and what can I do to erase those errors?
Here I also send mod file of ramsey policy.
Thank you so much.

ramsey.mod (3.4 KB)

2

The order of commands is wrong. In Dynare 4.6.4, use the following file
ramsey1.mod (3.4 KB)

1 Like
3

Thank you so much Mr. Pfeifer