Dear all,
since it’s my first time to build a DSGE model, the questions I ask might be too elementary. If so, I am very sorry.
When I try to run my DSGE model, it shows
Residuals of the static equations:
Equation number 1 : 0
Equation number 2 : NaN
Equation number 3 : -Inf
Equation number 4 : -0.0028558
Equation number 5 : 0.017324
Equation number 6 : 0.0084
Equation number 7 : 2
Equation number 8 : 0
Equation number 9 : 0
Equation number 10 : NaN
Equation number 11 : -Inf
Equation number 12 : 0.0148
Equation number 13 : 2
Equation number 14 : 0
Equation number 15 : NaN
Equation number 16 : NaN
Equation number 17 : 2
Equation number 18 : 0
Equation number 19 : 0
Equation number 20 : 0
Equation number 21 : NaN
Equation number 22 : 0.0148
Equation number 23 : NaN
Equation number 24 : NaN
Equation number 25 : NaN
Equation number 26 : NaN
Equation number 27 : NaN
Equation number 28 : NaN
Equation number 29 : 0
Equation number 30 : 0
Equation number 31 : 0
Equation number 32 : 0
Equation number 33 : 0
Equation number 34 : 0
Equation number 35 : 0
Equation number 36 : -1
Equation number 37 : 0
Equation number 38 : 0
And the error messenger is as follows:
Error using print_info (line 90)
The steady state contains NaN or Inf
Error in steady (line 104)
print_info(info,options_.noprint, options_);
Error in TRY (line 429)
steady;
Error in dynare (line 223)
evalin(‘base’,fname) ;
I have looked for other similar questions but they couldn’t solve my problem.
How can I fix my model? I don’t know what the problem is.I am very puzzled .
Thank in advance!
TRY.mod (6.1 KB)