Hi all,
I am having a hard time to work with steady state file in matlab. Can someone tell me what I am doing wrong here.
I followed a sample given on this forum (refer to External MATLAB function in Dynare).
Thank you for any help or suggestion to make dynare recognize the steady state file in matlab.
I am getting error message :
Error using print_info (line 72)
The steadystate file did not compute the steady state
Error in resid (line 112)
print_info(info,options_.noprint, options_)
Error in steady (line 90)
resid;
Error in model (line 222)
steady;
Error in dynare (line 180)
evalin(‘base’,fname) ;
Equation number 1 : -0.0069064
Equation number 2 : 0.0044777
Equation number 3 : 215.5806
Equation number 4 : 6967.4879
Equation number 5 : 0.27374
Equation number 6 : -0.20035
Equation number 7 : -0.14715
Equation number 8 : 0
Equation number 9 : -0.2267
Equation number 10 : 0
Equation number 11 : 0
Equation number 12 : 0
Equation number 13 : -0.17368
Equation number 14 : 0
Equation number 15 : -0.075[/code]
Your steady state file does not provide a correct solution. So either your model or the steady state file are wrong. Focus on equation 4. Given the large size of the residual, my hunch is that you did not correctly account for the exp() transformation in your model in the steady state file.