Hi everyone here, thanks for reading my question! I have a question of steady state with the following code: nk2c0201.mod (10.8 KB) Could anyone tell me how to find the equation which is wrong in the code? Thank you very much for any advice! The message obtained from matlab is: STEADY: numeri…

Chss and Cfss are zero, which leads to division by zero and thus NaN for example in equations: b = (Rss*b(-1) + Yhss/Chss*( px_h + x_h - y_h ))*(1-zg); b_f = (Rhss*b_f(-1) + Yfss/Cfss*( px_f + x_f - y_f ))*(1-zg); You also had the check; command before you declared the shocks and again afterw…

Thanks for your help! I found that there are something wrong with the calculation of Chss and Cfss. I change them now. The model still tell me : Error using print_info (line 32) The steady state has NaNs or Inf. Error steady (line 102) print_info(info,options_.noprint, options_); Error nk2c02…

The problem is from your calculation of steady state parameter. One example, in: Khss = Hss^((alpha-1)/(alpha-1-alpha*phi_house))*(Zhss/(alpha*MCss*(1-phi_house)))^(1/(alpha-phi_house*alpha-1))*kh_h^(phi_house*alpha/(alpha*phi_house+1-alpha)); kh_h is included, which is a variable and thus it doe…

Indeed, see [image] Model doesn't work . Can't understand error message Steady state Your initial values cannot be sequentially executed. See Debugging parameter initializations and steady_state_model-blocks - YouTube

Thank you very much for your reply, doctor DoubleBass! This is the first time I konw f9 and it is useful for me to debug in the steady state. Now I repair the steady state part and there are no errors when running with f9. But matlab also tell me : Error using print_info (line 32) The steady s…

Thanks for your reply,Professor JPfeifer! May I ask if there is an electronic version of this content, like PDF?

I ran your code and it shows NaN as residuals of equations 15 and 16. Start there. If possible, try to start with a smaller and simpler model, as @jpfeifer has mentioned countless times, it makes things easier.

@wmutschl has fantastic stuff on his webpage 📈 Dynare | Willi Mutschler . Maybe that’s what you are looking for.

There are still things that do not work. As VS19 told you the equations 15 and 16 seem to cause the problems. You should put the model_diagnostics; first. This way it gives you more information. The issue is similar to what you had before, because of your parameters, you are dividing by zero in the…

Thank you for offering me advice and a useful webpage! Professor jpfeifer told me start from a simpler one year ago, so I use this model which I can understand the calculation in the model. I think my problem is that I don’t know how to debug by using the information offered by matlab and Idon’t kn…

Something wrong with the steady state

Steady state

jpfeifer 9 March 2023 13:28 5

Indeed, see