Steadystate file did not compute the steady state

[herbert]

halfmodel.mod (18.7 KB)
I’m a dynare beginner, so I can’t solve the dynare problem for a long time. thanks very much for your help.

[jpfeifer]

Put
resid;
in your mod-file to see the problematic equations

[herbert]

Thx, Prof., I’m trying to check out it.

[herbert]

copy_policy.mod (8.3 KB)
Dear Prof.
I’ve another question, the mod_file doesn’t satisfy the Blanchard’s condition. what’s wrong with it?
Thx!

[jpfeifer]

Most probably, you need to have a look at

Timing of capital in two sector economy

In this case, only the total capital stock k is predetermined. Hence, you have to use a law of motion for capital k = (1-delta)*k(-1) + i The total capital stock in the economy k(-1), which was decided by investment in the period before (hence the (-1) timing), can be freely divided between the individual sectors. Hence, kT and kN are determined at time t and not predetermined (normal variables). The corresponding resource constraint thus reads k(-1) = kT + kN

[herbert]

the last question has been solved. Now, I can’t set a proper model equation for policy rule of mixed monetary policy including quantity and rate.
Looking forward to your help!copy_4policy.mod (8.4 KB)

[herbert]

Hi, Prof.
I’ve struggled for a long time for the steady_state file. Can you help me?copy_5policy.mod (16.9 KB)

[jpfeifer]

Dynare clearly shows you which equations are not solved. Either these equations are wrong or your steady state computations. Given that you have more than 100 equations in your model, maybe you should start with a simplified version.