Hello,
when running the attached files, I keep getting the following error message:
STEADY: numerical initial values or parameters incompatible with the following equations
Columns 1 through 9
2 3 4 8 9 10 11 12 13
Columns 10 through 18
14 15 16 17 20 21 22 23 30
Columns 19 through 27
32 34 35 37 38 39 40 42 45
Columns 28 through 36
46 47 48 49 50 51 52 53 57
Columns 37 through 45
58 59 68 73 78 79 80 82 83
Columns 46 through 54
84 86 87 88 89 90 91 92 93
Columns 55 through 62
94 95 96 97 98 99 100 101
Please check for example
i) if all parameters occurring in these equations are defined
ii) that no division by an endogenous variable initialized to 0 occurs
Residuals of the static equations:
Equation number 1 : 1
Equation number 2 : NaN
Equation number 3 : NaN
Equation number 4 : NaN
Equation number 5 : 0
Equation number 6 : 0
Equation number 7 : 0
Equation number 8 : NaN
Equation number 9 : NaN
Equation number 10 : NaN
Equation number 11 : NaN
Equation number 12 : NaN
Equation number 13 : NaN
Equation number 14 : NaN
Equation number 15 : NaN
Equation number 16 : NaN
Equation number 17 : NaN
Equation number 18 : 0
Equation number 19 : 0
Equation number 20 : NaN
Equation number 21 : NaN
Equation number 22 : NaN
Equation number 23 : NaN
Equation number 24 : 0
Equation number 25 : 0
Equation number 26 : 0
Equation number 27 : 0
Equation number 28 : 0
Equation number 29 : -1
Equation number 30 : NaN
Equation number 31 : 0
Equation number 32 : NaN
Equation number 33 : 0
Equation number 34 : NaN
Equation number 35 : NaN
Equation number 36 : 0
Equation number 37 : NaN
Equation number 38 : -Inf
Equation number 39 : NaN
Equation number 40 : NaN
Equation number 41 : 0
Equation number 42 : NaN
Equation number 43 : 0
Equation number 44 : 0
Equation number 45 : NaN
Equation number 46 : NaN
Equation number 47 : NaN
Equation number 48 : NaN
Equation number 49 : NaN
Equation number 50 : NaN
Equation number 51 : NaN
Equation number 52 : NaN
Equation number 53 : NaN
Equation number 54 : 0
Equation number 55 : 0
Equation number 56 : -1
Equation number 57 : NaN
Equation number 58 : NaN
Equation number 59 : NaN
Equation number 60 : 0
Equation number 61 : 0
Equation number 62 : 0
Equation number 63 : 0
Equation number 64 : 0
Equation number 65 : 0
Equation number 66 : 0
Equation number 67 : 0
Equation number 68 : NaN
Equation number 69 : 0
Equation number 70 : 0
Equation number 71 : 0
Equation number 72 : 0
Equation number 73 : NaN
Equation number 74 : 0
Equation number 75 : 0
Equation number 76 : 0
Equation number 77 : 0
Equation number 78 : Inf
Equation number 79 : Inf
Equation number 80 : NaN
Equation number 81 : 0
Equation number 82 : NaN
Equation number 83 : NaN
Equation number 84 : NaN
Equation number 85 : 0
Equation number 86 : NaN
Equation number 87 : NaN
Equation number 88 : NaN
Equation number 89 : NaN
Equation number 90 : NaN
Equation number 91 : NaN
Equation number 92 : NaN
Equation number 93 : NaN
Equation number 94 : NaN
Equation number 95 : NaN
Equation number 96 : NaN
Equation number 97 : NaN
Equation number 98 : NaN
Equation number 99 : NaN
Equation number 100 : NaN
Equation number 101 : NaN
Equation number 102 : 0
Equation number 103 : 0
Error using print_info (line 57)
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 92)
print_info(info,options_.noprint);
Error in IRF_SA (line 681)
steady;
Error in dynare (line 120)
evalin(‘base’,fname) ;
All the parameters are defined and none of the endogenous variables have a starting value of zero. As according the message, most of the equations give NaN, I guess that the problem might not be related to one incorrect parameter value, but there is some general issue here. Also, with ‘hard coding’ the same model (the same SS calculation and IRF file) is running, so the model itself is correct, something goes wrong when I link the SS and IRF files together.
Any idea?
Thank you!
codes.zip (7.9 KB)