gato4.mod (7.6 KB)

Could anyone help me for solving the steady state problem?I have been trying for a long time and it keeps telling me the following error message. Thanks a lot in advance.

Error using print_info

Impossible to find the steady state (the sum of squared residuals of the static equations is 0.0001). Either the model doesn’t

have a steady state, there are an infinity of steady states, or the guess values are too far from the solution

Error steady (line 102 )

print_info(info,options_.noprint, options_);

Error gato4.driver (line 944 )

steady;

Error dynare (line 281 )

evalin(‘base’,[fname ‘.driver’]);