Hi professor,I solve a DSGE model and the dynare report “The steadystate file did not compute the steady state”, I see only equation 6 has residuals.I checked the process to caculate the steady steate, I use equation 7 to compute the steady state of b/T,then use equation 6 to calculate Omegastar,but later use the other two equations to calculate the steady state of b and T ,then the equation 6 has residual. But use initval can solve the model. Because I want to do Bayesian estimation later, I need to change initval to steady_state_model.How to fix this problem?Professor I need your help, thanks in advance.
Residuals of the static equations:
Equation number 1 : 0 : 1
Equation number 2 : 0 : 2
Equation number 3 : 0 : r
Equation number 4 : 0 : w
Equation number 5 : 0 : T
Equation number 6 : 0.011985 : Omegas
Equation number 7 : 0 : b
Equation number 8 : 0 : Omega
Equation number 9 : 0 : theta
Equation number 10 : 0 : m
Equation number 11 : 0 : D
Equation number 12 : 0 : draw
Equation number 13 : 0 : Q
Equation number 14 : 0 : 14
Equation number 15 : 0 : 15
Equation number 16 : 0 : Y
Equation number 17 : 0 : 17
Equation number 18 : 0 : 18
Equation number 19 : 0 : 19
Equation number 20 : 0 : L
Equation number 21 : 0 : K
Equation number 22 : 0 : 22
Equation number 23 : 0 : 23
Equation number 24 : 0 : 24
Equation number 25 : 0 : 25
Equation number 26 : 0 : 26
Equation number 27 : 0 : 27
Equation number 28 : 0 : lD
Equation number 29 : 0 : lm
Equation number 30 : 0 : ltheta
Equation number 31 : 0 : lQ
Equation number 32 : 0 : lTb
Equation number 33 : 0 : lTf
Equation number 34 : 0 : lT
Equation number 35 : 0 : lY
Equation number 36 : 0 : FD
Equation number 37 : 0 : TFP
Equation number 38 : 0 : lFD
Equation number 39 : 0 : lTFP
Equation number 40 : 0 : aL
Data.mod (5.7 KB)