Small open economy DSGE w/capital accs

Steady state
1

Hi,

I´m trying to run this small open economy model, but an error message keep appearing:

Error using print_info (line 32)
Impossible to find the steady state (the sum of square residuals of the static equations is 16.8554). 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.

Below, I attached the code.

Thanks for your help!

SOE.mod (1.2 KB)

2

Hi, Dynare cannot find the steady-state because you haven’t specified it. You need to either calculate it analytically or find close enough numerical guesses.

3

Hi, I´ve calculated the steady state, but I still get the same error.
SOE.mod (1.3 KB)

4

Put resid before steady state your numerical values are incorrect/far away from the steady state.