I have developed a two-sector DSGE model, similar to Iacoviello & Neri (2010). When I try to get the impulse responses, it appears this message:
Error using print_info (line 83)
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
Error in steady (line 104)
Error in new_code (line 277)
Error in dynare (line 235)
I tried to begin with a simpler model with one sector but still, the code is not running. I tried also to find the steady-state analytically in order to change the initial values, but I failed to do so, since it is a model with 22 equations and 22 unknowns. Any further suggestions?