Non zero residuals in static equations

Steady state
1

Hi!

Very new to dynare.
I’m trying to solve this model, but I get that the static equations are not zero, and I have no idea how to spot the issue.

Any ideas are greatly appreciated!!
model_estimation.mod (10.2 KB)

2

You need to clean up your file. For example, equation
theta = (1-rho_theta)*theta_ss+rho_theta*theta(-1)+sde_theta*eC;
implies that theta=theta_ss in steady state. But the steady_state_model-block never makes sure that
theta =((1-sigma)+M*phi*(1-sigma)*(Rf-Rd)*(1/pi))/(phi*(1-sigma)-M*sigma*(phi^2)*(Rf-Rd)*(1/pi));
is consistent with the value of theta_ss.

3

Thanks!
Already removed those, but the steady state is not zero. Any further ideas?

4

No, except for thoroughly checking all equations and your steady state computations. There must be other mistakes.

5

Right, so I’m really stucked, and I’d appreciate any sort of guidance.
Below I attach three files, 2 are mod files and one is a.m file.
One of the mod files calculates the steady state inside the mod file, but it fails in getting 0 in static equations. The other mod file calls on the .m file and runs perfectly.
The idea I have in mind is to translate everything from the .m file into the steady_state_model-block of the first mod file

TS_UR_LM.mod (6.0 KB)
model_estimation.mod (10.6 KB)
TS_UR_calibration_LM.m (5.0 KB)