Hi,

I am trying to run a Medium Scale DSGE model with Dynare. However, I encountered the error message below. I checked the resid terms. It seems that the problem is in equation No.3 and No. 16. But I am not sure what should I do. Could someone help? Thanks!

Error using print_info (line 76)

The steadystate file did not compute the steady state

Error in check (line 76)

print_info(info, 0, options);

Error in ff (line 517)

oo_.dr.eigval = check(M_,options_,oo_);

Error in dynare (line 235)

evalin(‘base’,fname) ;

Residuals of the static equations:

Equation number 1 : 0 : FOC for Consumption

Equation number 2 : 0 : FOC for Bond Holding

Equation number 3 : 0.04715 : FOC for Dposits

Equation number 4 : 0 : FOC for Wage

Equation number 5 : 0 : Def h1

Equation number 6 : 0 : Def h2

Equation number 7 : 0 : FOC for K & N

Equation number 8 : 0 : FOC for Price

Equation number 9 : 0 : FOC for Real Wage

Equation number 10 : 0 : Def Price Diffusion Index

Equation number 11 : 0 : Def x1

Equation number 12 : 0 : Def x2

Equation number 13 : 0 : Def mc

Equation number 14 : 0 : FOC for Capital Utility

Equation number 15 : 0 : FOC for Investment

Equation number 16 : -0.046915 : FOC for Capital

Equation number 17 : 0 : Def Collateral Ratio

Equation number 18 : 0 : Def K_hat

Equation number 19 : 0 : Def Capital Accumulation

Equation number 20 : 0 : FOC for Deposits

Equation number 21 : 0 : FOC for Loans

Equation number 22 : 0 : BC-Capital adequacy constraint

Equation number 23 : 0 : Def Capital adequacy ratio

Equation number 24 : 0 : Goods Market Clear

Equation number 25 : 0 : Goods Market Clear II

Equation number 26 : 0 : Credit Market Clear I

Equation number 27 : 0 : Credit Market Clear II

Equation number 28 : 0 : Def Taylor rule of Monetary Policy

Equation number 29 : 0 : Def Government Expenditure

Equation number 30 : 0 : Def tauc

Equation number 31 : 0 : Def taun

Equation number 32 : 0 : Def tauk

Equation number 33 : 0 : Def inflation rate

Equation number 34 : 0 : Def productivity shock

Equation number 35 : 0 : Def marginal efficiency of investment shock

Equation number 36 : 0 : Def intratemporal preference shock

Equation number 37 : 0 : Def intratemporal preference (labor supply) shock

ff.mod (8.4 KB)

ff_steadystate.m (2.9 KB)