hello everyone, can someone please check my steady state file to tell me what i am missing, because it runs into an error. attached is the main mod file and stead file. Thank you!

dsge11_steadystate.m (1.0 KB)

dsge11.mod (4.3 KB)

hello everyone, can someone please check my steady state file to tell me what i am missing, because it runs into an error. attached is the main mod file and stead file. Thank you!

dsge11_steadystate.m (1.0 KB)

dsge11.mod (4.3 KB)

Thank you it worked. However, I was unable to find the steady state. Please can you advise how I can reduce the residuals of the static equations to obtain a solution or fix the model itself so that I can obtain a solution? like what my model may be missing.

Residuals of the static equations:

Equation number 1: 1 : 0.120466

Equation number 2: 2 : 0.099780

Equation number 3: 3 : 2.665801

Equation number 4: 4 : -30.291978

Equation number 5: W : 5.122013

Equation number 6: 6 : 0.916862

Equation number 7: 7 : 0.066648

Equation number 8: L : 1.297390

Equation number 9: q : 5.822523

Equation number 10: R : 8.318732

Equation number 11: 11 : -1947.026591

Equation number 12: Y : 3.312748

Equation number 13: K : -110.072376

Equation number 14: 14 : 60.142211

Equation number 15: 15 : 0.319329

Equation number 16: 16 : 0.021557

Equation number 17: d : -4.239330

Equation number 18: 18 : 8.291523

Equation number 19: 19 : -10.209679

Equation number 20: m : -4.481926

Equation number 21: t : -23.717288

Equation number 22: g : -6.659118

Equation number 23: 23 : 8.302002

Equation number 24: 24 : 0.000000

Equation number 25: 25 : -0.000001

Error using print_info

Impossible to find the steady state (the sum of squared residuals of the static equations is

3808600.0614). 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

Error in steady (line 143)

print_info(info,options_.noprint, options_);

Error in dsge11.driver (line 765)

steady;

Error in dynare (line 310)

evalin(‘base’,[fname ‘.driver’]);

Focus on the equations with the biggest residuals. That being said, it’s strange that your analytical steady state is pretty much inconsistent with every single equation. That suggests a conceptual mistake.