Dear friends and teachers
I have received the following error in dynare, how can I solve it?
Thank you for your reply.
dynare my_base_model
Starting Dynare (version 5.2).
Calling Dynare with arguments: none
Starting preprocessing of the model file …
Found 33 equation(s).
Evaluating expressions…done
Computing static model derivatives (order 1).
Computing dynamic model derivatives (order 2).
Processing outputs …
done
Preprocessing completed.
Residuals of the static equations:
Equation number 1 : 0 : m
Equation number 2 : 0 : 2
Equation number 3 : NaN : 3
Equation number 4 : NaN : 4
Equation number 5 : 0 : shi_m
Equation number 6 : 0 : inv
Equation number 7 : 0 : c
Equation number 8 : 0 : y
Equation number 9 : 0 : w
Equation number 10 : 0 : mc
Equation number 11 : NaN : L
Equation number 12 : 0 : icb
Equation number 13 : 0 : id
Equation number 14 : 0 : rr
Equation number 15 : NaN : 15
Equation number 16 : 0 : rl
Equation number 17 : 0 : url
Equation number 18 : 0 : a
Equation number 19 : 0 : pi
Equation number 20 : 0 : delthab
Equation number 21 : 0 : or
Equation number 22 : 0 : g
Equation number 23 : NaN : mb
Equation number 24 : NaN : 24
Equation number 25 : 0 : er
Equation number 26 : 0 : deltha_en
Equation number 27 : 0 : mui
Equation number 28 : NaN : fr
Equation number 29 : 0 : pif
Equation number 30 : 0 : dc
Equation number 31 : 5.832e-06 : ii
Equation number 32 : 0 : shi_i
Equation number 33 : NaN : 33
STEADY: numerical initial values or parameters incompatible with the following equations
3 4 11 15 23 24 28 33
Check whether your model is truly linear. Put “resid(1);” before “steady;” to see the problematic equations.
Residuals of the static equations:
Equation number 1 : NaN : m
Equation number 2 : NaN : 2
Equation number 3 : NaN : 3
Equation number 4 : NaN : 4
Equation number 5 : 1.1664e-06 : shi_m
Equation number 6 : 0 : inv
Equation number 7 : NaN : c
Equation number 8 : NaN : y
Equation number 9 : NaN : w
Equation number 10 : NaN : mc
Equation number 11 : NaN : L
Equation number 12 : 0 : icb
Equation number 13 : NaN : id
Equation number 14 : NaN : rr
Equation number 15 : NaN : 15
Equation number 16 : NaN : rl
Equation number 17 : NaN : url
Equation number 18 : 0 : a
Equation number 19 : NaN : pi
Equation number 20 : NaN : delthab
Equation number 21 : 0 : or
Equation number 22 : 0 : g
Equation number 23 : NaN : mb
Equation number 24 : NaN : 24
Equation number 25 : NaN : er
Equation number 26 : 0 : deltha_en
Equation number 27 : NaN : mui
Equation number 28 : NaN : fr
Equation number 29 : 0 : pif
Equation number 30 : NaN : dc
Equation number 31 : NaN : ii
Equation number 32 : NaN : shi_i
Equation number 33 : NaN : 33
Error using print_info (line 32)
The steady state has NaNs or Inf.
Error in steady (line 102)
print_info(info,options_.noprint, options_);
Error in my_base_model.driver (line 670)
steady;
Error in dynare (line 281)
evalin(‘base’,[fname ‘.driver’]);