"steady state model" error - function

Steady state
1

Hi, I’m a beginner and trying to find my model’s steady state by “steady state model” function,
but I got the message as follows.

Could you help me to fix this file and find the steady state… ?
I kept spending my time on fixing the code, but it failed.

mycode_2.mod (4.1 KB)

ῡResiduals of the static equations:

Equation number 1 : 0 : log_infl
Equation number 2 : 0 : log_q
Equation number 3 : 0 : log_y
Equation number 4 : 0 : Equi
Equation number 5 : 0 : D
Equation number 6 : 0 : w
Equation number 7 : 0 : ia
Equation number 8 : 0 : ib
Equation number 9 : 0 : Savers FOC
Equation number 10 : 0 : 10
Equation number 11 : 0 : 11
Equation number 12 : 0 : Borrowers FOC
Equation number 13 : -1.2933 : 13. Borrowers FOC
Equation number 14 : 0 : 14
Equation number 15 : 0 : 13. borrowers LTV
Equation number 16 : 0 : 16
Equation number 17 : 0 : inflhat
Equation number 18 : 0 : 18
Equation number 19 : 0 : 19
Equation number 20 : 0 : 20
Equation number 21 : 0 : ik
Equation number 22 : Inf : 22
Equation number 23 : 0 : Savers cont
Equation number 24 : 0 : F
Equation number 25 : 0 : 26. Z
Equation number 26 : 0 : borrowers cont
Equation number 27 : 0 : production function
Equation number 28 : 0 : 28
Equation number 29 : 0 : shocks

error: The steadystate file did not compute the steady state
error: called from
print_info at line 32 column 5
steady at line 102 column 5
driver at line 455 column 1
dynare at line 278 column 5

2

Check the equations with residuals. For example, equation 22 contains

ln(eps_R)

which is the logarithm of something that is 0 in steady state.

3

Thank you for your help! I solved the residuals problem but faced “no stable equilibrium” as follows,
mycode_3.mod (4.3 KB)

Could I ask you how I can solve this?

=====================================================================
᝼warning: Problem in the model specification: some variables don’t appear as current. Check whether this is desired.
warning: called from
check_model at line 21 column 5
stoch_simul at line 92 column 1
driver at line 455 column 27
dynare at line 278 column 5
C:/Users/kofqw/AppData/Local/Temp/octave_wQHPFZ.m at line 5 column 1

error: Blanchard & Kahn conditions are not satisfied: no stable equilibrium.
error: called from
print_info at line 32 column 5
stoch_simul at line 120 column 5
driver at line 455 column 27
dynare at line 278 column 5

4

The following is the problem:

MODEL_DIAGNOSTICS: The following endogenous variables aren't present at the current period in the model:
lamda