Problem with computing steady state

Dear Prof, as I have said earlier; I am a new user of dynare. I have finished the coding of my model to an extent. I tried to run it but could not get steady state sir. The model has been attached. Please help me sir. I also dont know how I would bring in my data sir. many thanks for the anticipated responses sir. thesis.mod (2.7 KB)

Your mod-file is not correct.


Does not look right as the lambda(+1) cancels. In


there are missing brackets around (1-alpha). Recheck all equations.

Regarding steady states: you need to initialize all variables that cannot be 0, most importantly y.