Problem with OCCBIN, does not converge


I’m having some issues with the ZLB implementation using the OCCBIN feature in Dynare 6.0.

It always says: “increase maxit” and it never converges. My implementation is through:


name ‘ZLB’; bind RTR <= 1+1e+6; relax RTR > 1-1e+6;

If I do not add the numerical errors, then it does not even start the iterations. Maybe I should adjust them?

Thank you, I attach the mod file and the parameter one

modelclean.mod (18.3 KB)
paramdef.mat (3.9 KB)

The buffer is supposed to be 1e-6, not 1e+6