Hi! I have a problem with my model, the thing is, when I run the model with only the first 17 equations/variables, the model works, but when I add the 18º equation/variable (NX) it does not, although I know it’s a very important one, I believe I can’t be too wrong with the initial values if I get it right with just the 17 equations.

It gives me this:

"Error using print_info (line 32)

Impossible to find the steady state (the sum of square residuals of the

static equations is 486643227.6297). 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 in steady (line 102)

print_info(info,options_.noprint, options_);

Error in Rem.driver (line 309)

steady;

Error in dynare (line 293)

evalin(‘base’,[fname ‘.driver’]) ;"

Where can I begin to solve the issue? Thanks!

Rem.mod (2.9 KB)