Hello! I am a beginner at Dynare and I need all the help I can get.
I built a simple RBC model with a fraction of the households ricardian and the others non-ricardian. I was able to analytically solve the steady state values and since I know the parameters, I was able to derive numerical values for them as well. However, Dynare is unable to find the steady state and thus the impulse response functions for my model and I am not sure as to whats exactly wrong since I believe I have derived the right equations and initial values.
I need this for my thesis and in desperate help.
Thanks in advance!
heterogenous.mod (3.8 KB)