Dear professor,

I’m trying to find a steady state for Christiano, Lawrence J. & Trabandt, Mathias & Walentin, Karl, 2010. “DSGE Models for Monetary Policy Analysis,” Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 7,

pages 285-367. However I get the following message:

Residuals of the static equations:

Equation number 1 : 0 : FOC consumption

Equation number 2 : -0.15132 : FOC labor hours

Equation number 3 : 0 : Euler equation

Equation number 4 : 0 : FOC of H and I

Equation number 5 : 0 : marginal cost

Equation number 6 : 0 : X1

Equation number 7 : 0 : X2

Equation number 8 : 0 : ptilt

Equation number 9 : 0 : 9

Equation number 10 : 0 : pstar

Equation number 11 : 0 : y

Equation number 12 : 0 : 12

Equation number 13 : 0 : 13

Equation number 14 : 0.0006569 : Taylor Rule

Error using print_info (line 32)

The steadystate file did not compute the steady state

After checking every equation in model and steady_state_model, I still haven’t solve this problem. I hope to get the guidance on how to find the method.

Thank you in advance!!

nk_baseline.mod (4.3 KB)