- I still find it hard to replicate the estimation section of the user guide example 1. The dynare gives many errors, the foremost among them is
“Error using print_info (line 74)
Impossible to find the steady state. 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”
- Secondly I really don’t understand what exactly is the right way to enter the codes while one is estimating rather than solving the model. A video tutorial on dynare specify model parameters values in the preamble, whereas the dynare user guide, chapter 5 do not assign any such values except for the values in initval block.