The steadystate file did not compute the steady state-RBC Small open economy

Steady state
1

Hi everyone.

I’m trying to run the attached code (It’s RBC-small open economy Uribe-Schmidtt Grohe cap 4) but dynare cannot solve steady state, i guess that there is some error in equations.

Any suggestion?

SOE.mod (3.3 KB)

Thanks

2

What are the error messages ？

3

Hi,

Equation 6 (optimal capital decision) has residual and the complete error message is:
Error using print_info (line 76)
The steadystate file did not compute the steady state

Error in steady (line 104)
print_info(info,options_.noprint, options_);

Error in SOE (line 193)
steady;

Error in dynare (line 235)
evalin(‘base’,fname) ;

Thanks.

4

Please only do the exp()-substitution once the model works. The current version is too error-prone.