Hello, everyone,
I am a beginner learning DSGE modeling and how to implement it using Dynare. Currently, I am studying and attempting to simulate a two-agent model that incorporates real estate and debt. However, I keep encountering the error: “The steady state file did not compute the steady state.”
I have reviewed my model and equations multiple times, and there are no issues with the model itself. However, the residuals remain between 0 and 1 for three of the equations. Could incorrectly specified parameter values cause this problem, or is it for another reason? If so, how can I resolve this issue?
I have attached my mod files for reference. Any help or guidance would be greatly appreciated.
Thank you so much!
solvess_all_rev.m (1.5 KB)
solvess_rev.m (700 Bytes)
test_debt.mod (5.9 KB)