Residuals of the static equations not zero

Steady state
1

Hello

I am pretty new to dynare. I have written some equations and was able to run and get IRFs from it. However when I check the residuals of the static equations, I do not get zero for all equations. Do i need to make residuals of all equations zero even if I was already able to get the IRFs? If so, how do i fix it? thank you very much for your time.

Residuals of the static equations:

Equation number 1 : -2.4704e-05 : 1
Equation number 2 : -2.4704e-05 : 2
Equation number 3 : -100000 : 3
Equation number 4 : 0 : z1
Equation number 5 : 0 : z2

test.mod (991 Bytes)

2

Making the residuals exactly 0 would require you computing the steady state analytically. Dynare currently tries to compute the steady state numerically given your initial values. When you get IRFs, a steady state was found. If that steady state makes sense, there is no point in computing in manually.

3

thank you for your response!