Small open economy with heterogeneous agent model

Dynare help (legacy posts)
1

I am trying to run small open economy with heterogeneous agent model attached.
I encounter with this message

??? Error using ==> print_info at 74
Impossible to find the steady state. 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

Even though there are lots of post dealing with “Impossible to find the steady state.” problem.
i fail to solve this problem.

It would be very grateful if someone let me know what the problem it is.
ss.pdf (155 KB)
soe.mod (3.64 KB)

2

Use 4.4.3
and steady(solve_algo=4,maxit=10000); check;
Steady belongs before check.

Note that your initial values are supposed to be analytical, but they do not satisfy the equations (use resid(1) to see this). Thus, either your stead state computations or the model equations are wrong.