Dear all,
I am trying to run a simple model and I have tried several different values. However, I get an error
Warning: Matrix is singular to working precision. Residuals of the static equations: Equation number 1 : 0 Equation number 2 : 0 Equation number 3 : 0 Equation number 4 : 0.87516 Equation number 5 : 0 Equation number 6 : -1.4145 Equation number 7 : 0 Equation number 8 : 0 Equation number 9 : 0 Equation number 10 : 0.86616 Equation number 11 : 0 Equation number 12 : -2 Equation number 13 : 0.036468 Equation number 14 : 0.123 Equation number 15 : 0 Equation number 16 : 0 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) print_info(info,options_.noprint, options_); Error in untitled2 (line 241) steady; Error in dynare (line 235) evalin('base',fname) ;
Can someone help me where I am making a mistake? I have included either resid or resid(1). I have attached my codes.
ssicov.m (851 Bytes) untitled2.mod (2.1 KB)