Hello! I’m new. I can’t find the steady state of my model. Could you help me?
model.mod (2.2 KB)
Using 64-bit preprocessor
Starting Dynare (version 4.6.1).
Calling Dynare with arguments: none
Starting preprocessing of the model file …
Found 17 equation(s).
Evaluating expressions…done
Computing static model derivatives (order 1).
Computing dynamic model derivatives (order 1).
Processing outputs …
done
Preprocessing completed.
Warning: the matrix is close to singular value, or scaling error. The results may not be accurate.RCOND = 2.831100e-21.
In trust_region>dogleg at 198
In trust_region at 115
In dynare_solve at 253
In evaluate_steady_state at 221
In steady_ at 55
In steady at 80
In driver at 365
In dynare at 293
In trust_region>dogleg at 198
In trust_region at 115
In dynare_solve at 253
In evaluate_steady_state at 221
In steady_ at 55
In steady at 80
In driver at 365
In dynare at 293
Residuals of the static equations:
Equation number 1 : 0.0058541 : 1
Equation number 2 : 0.014134 : k
Equation number 3 : 0.0010479 : 3
Equation number 4 : 0.025977 : 4
Equation number 5 : -2.4743e-05 : mc
Equation number 6 : 0.0017528 : 6
Equation number 7 : -0.0015593 : la
Equation number 8 : 0.0029416 : p_star
Equation number 9 : -0.065476 : x1
Equation number 10 : -0.016099 : x2
Equation number 11 : 0 : pi
Equation number 12 : 0 : 12
Equation number 13 : 0 : s
Equation number 14 : 0.0018893 : y
Equation number 15 : -0.014115 : g
Equation number 16 : -0.014463 : 16
Equation number 17 : 0 : 17
Error print_info (line 32)
Impossible to find the steady state (the sum of square residuals of the static equations is 0.0059). 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
