Hello,

I am trying to compute the steady state for the file attached below (with the data for estimation).

When I run the code, I get an error message indicating that the initial values are incompatible with some of the steady state equations.

I am also worried about the huge value found for the log posterior. Does the problem has anything to do with this?

Initial value of the log posterior (or likelihood): -2762594.3573

```
Max Line search Directional First-order
```

Iter F-count f(x) constraint steplength derivative optimality Procedure

0 43 2.76259e+006 -0.01

STEADY: numerical initial values incompatible with the following equations

2 3 34 47 48

If anybody has tips about the appropriate choice for initial values, please, keep me posted.

Thank you in advance,

Best Regards.

data.xls (3.92 KB)

buildata.m (1.94 KB)

model.mod (15.8 KB)