Steady state file cannot compute steady state

Dynare help (legacy posts)
1

Hi,
I’m getting this error message even though the residuals of just 3 of my 57 equation system are only in the order of 1e-5.
Any suggestions on how I should go ahead about this?

My problem is that I don’t have an analytical solution for this system. For a subset of 39 of these 57 equations, I’m using the matlab command fsolve to get the steady state. This has worked well enough that the residuals are in the order of 1e-5, but I still can’t get dynare to run.

Any help would be greatly appreciated.

2

Did you try increasing

in the steady command?

3

Thank you for the suggestion. I’ll try that.
I have another question: would increasing maxit still help even though I’m not solving for the steady state using the nonlinear solver in Dynare, but my own auxiliary steady state file?

Thanks

4

No. With an external steady state file, the steady state needs to be exact.