Hello everybody,

I am trying to run this model in dynare but every time I try to run it it gives the following error message:

Residuals of the static equations:

Equation number 1 : -1.1748

Equation number 2 : 0.16585

Equation number 3 : 7.583

Equation number 4 : -1.175

Equation number 5 : 0

Equation number 6 : 0.84058

Equation number 7 : -3.5094e-06

Equation number 8 : -9.1908

Equation number 9 : 0.001

Equation number 10 : 0.97

Equation number 11 : -0.8924

Equation number 12 : NaN

Residuals of the static equations:

Equation number 1 : NaN

Equation number 2 : NaN

Equation number 3 : NaN

Equation number 4 : NaN

Equation number 5 : NaN

Equation number 6 : NaN

Equation number 7 : NaN

Equation number 8 : NaN

Equation number 9 : NaN

Equation number 10 : NaN

Equation number 11 : NaN

Equation number 12 : NaN

Error using print_info (line 90)

The steady state contains NaN or Inf

Error in steady (line 104)

print_info(info,options_.noprint, options_);

Error in Anna (line 192)

steady;

Error in dynare (line 223)

evalin(‘base’,fname) ;

I am new to dynare. Could you please help.

Thanks,

Ada

I have attached the code.Anna.mod (1.2 KB)