Warning: Some of the parameters have no value (sigma, phi, thetaH, thetaF, eta, h, deltaH, deltaF, rhoi, psi_pi,
psi_y, psi_e, psi_dy, rho_a, rho_g, rho_phi, rho_cp, alpha, chi, app1, app2, apy1, apy2, api1, api2, ayp1, ayp2,
ayy1, ayy2, ayi1, ayi2, aip1, aip2, aiy1, aiy2, aii1, aii2) when using steady. If these parameters are not
initialized in a steadystate file or a steady_state_model-block, Dynare may not be able to solve the model…
STEADY: numerical initial values or parameters incompatible with the following equations
You cannot call steady if you only set the parameter for estimation. You need to fully calibrate the model in this case.
Thank you a lot for that. I got it. But I have another problem is that
The BK conditions are not satisfied. It might come from I declare the initial value for all parameters
Is that correct? If such, how I initialize paramters to solve model and the BK conditions are satisfied?
Your model has a unit root, which implies you need to use the diffuse_filter option. But even with it, the model does not work, because pretty much all your variables are non-stationary. My guess is that there is still a bug in your model.