I am trying to replicate the Aliya Algozhina (2016), “Monetary Policy Rule, Exchange Rate regime and Fiscal Policy in a Developing Oil economy” so as to extend the model. I have carefully incorporated the steady state equations and log-linearized equations but it does not run. The error message is as follows:
The Jacobian or the dynamic model contains Inf. For more information, use options_.debug.
Error in check (line 76)
print_info(info, 0, options);
Error in Oil (line 694)
oo_.dr.eigval = check(M_,options_,oo_);
Error in dynare (line 180)
evalin(‘base’,fname) ;Oil.mod (22.1 KB)
When I use model_diagnostics(M_,options_,oo_) it does not show the problem equations. Can you help? I am new to Dynare and DSGE modelling.
OrixOil_steadystate.m (9.3 KB)