seek help with my steady state

Steady state
1

Hi i’m trying to solve the problem, but it always shows:

dynare_solve: starting value results in nonfinite/NaN value. Randomize initial guess…
错误使用 print_info
Impossible to find the steady state (the sum of squared residuals of the static equations is Inf). 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

出错 stoch_simul (第 119 行)
print_info(info, options_.noprint, options_);

出错 model1.driver (第 798 行)
[info, oo_, options_, M_] = stoch_simul(M_, options_, oo_, var_list_);

出错 dynare (第 310 行)
evalin(‘base’,[fname ‘.driver’]);

model1.mod (1.0 KB)

2

Initialize all endogenous variables like in
model15.mod (1.3 KB)
Also check your equations. There seem to be brackets missing.

3

dear professor, thank you very much. your solution helps me a lot. but when i try again, it seems not work. it shows like below:

错误使用 print_info
Impossible to find the steady state (the sum of squared residuals of the static equations is 92040672725.3591).
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

出错 stoch_simul (第 119 行)
print_info(info, options_.noprint, options_);

出错 model15.driver (第 806 行)
[info, oo_, options_, M_] = stoch_simul(M_, options_, oo_, var_list_);

出错 dynare (第 310 行)
evalin(‘base’,[fname ‘.driver’]);

4

Always provide the most recent version of the file to replicate the issue.

5

ok，professor. thank you very much
model15.mod (1.3 KB)