Steady state not found using mode_file

Estimation ML/Bayesian estimation
1

Hi all,
I estimated my model, it all ran through. Yey! I’m using mode_compute=6 and wanted to start saving some time so I wanted to use mode_file. So I set mode_compute=0 and mode_file=modfilenname_mode. Dynare gets past steady and check but then tells me the following:

dynare_estimation_init:: The steady state at the initial parameters cannot be computed.Error using print_info (line 76)
The steadystate file did not compute the steady state

which I find pretty peculiar as I’m using steady_state_model and it was all good for the estimation.
Any ideas what’s going on there?

2

Are you using Dynare 4.5.3? If yes, please provide the files necessary to replicate the issue. Or did you mistakenly delete a diffuse_filter-command?

3

Sorry for the late reply.
Yes, I’m using Dynare 4.5.3. and I did not delete a diffuse_filter command.
The necessary files are attached.
mode_compute_fail.zip (18.4 KB)

4

Please make sure you handle parameter dependence correctly. You cannot have

 alpha_star = alpha;

as a parameter declaration and then estimate alpha.

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