Hi, I very confused with the complains about of Dynare that I never met before.

I have computed the steady states and fed them to initval block. I run the mod file in 4.4.0 but Dynare keep complaining about initial values being all zeros.

What is wrong? Anybody can give help?

aa2016_nonlinear_level.mod (4.2 KB)

…

STEADY: The Jacobian contains Inf or NaN. The problem arises from:

STEADY: Derivative of Equation 3 with respect to Variable int (initial value of int: 0)

STEADY: Derivative of Equation 3 with respect to Variable infl (initial value of infl: 0)

STEADY: Derivative of Equation 8 with respect to Variable A (initial value of A: 0)

STEADY: Derivative of Equation 9 with respect to Variable A (initial value of A: 0)

STEADY: Derivative of Equation 19 with respect to Variable A (initial value of A: 0)

STEADY: Derivative of Equation 20 with respect to Variable A (initial value of A: 0)

STEADY: Derivative of Equation 19 with respect to Variable G (initial value of G: 0)

STEADY: Derivative of Equation 20 with respect to Variable G (initial value of G: 0)

STEADY: Derivative of Equation 4 with respect to Variable Cc (initial value of Cc: 0)

STEADY: Derivative of Equation 17 with respect to Variable Cc (initial value of Cc: 0)

STEADY: Derivative of Equation 2 with respect to Variable Cu (initial value of Cu: 0)

STEADY: Derivative of Equation 17 with respect to Variable C (initial value of C: 0)

STEADY: Derivative of Equation 8 with respect to Variable Wc (initial value of Wc: 0)

STEADY: Derivative of Equation 9 with respect to Variable Wc (initial value of Wc: 0)

STEADY: Derivative of Equation 8 with respect to Variable Wu (initial value of Wu: 0)

STEADY: Derivative of Equation 9 with respect to Variable Wu (initial value of Wu: 0)

STEADY: Derivative of Equation 4 with respect to Variable Lc (initial value of Lc: 0)

STEADY: Derivative of Equation 15 with respect to Variable Lc (initial value of Lc: 0)

STEADY: Derivative of Equation 2 with respect to Variable Lu (initial value of Lu: 0)

STEADY: Derivative of Equation 15 with respect to Variable Lu (initial value of Lu: 0)

STEADY: Derivative of Equation 1 with respect to Variable Y (initial value of Y: 0)

STEADY: Derivative of Equation 8 with respect to Variable Y (initial value of Y: 0)

STEADY: Derivative of Equation 9 with respect to Variable Y (initial value of Y: 0)

STEADY: Derivative of Equation 19 with respect to Variable Y (initial value of Y: 0)

STEADY: Derivative of Equation 1 with respect to Variable Yf (initial value of Yf: 0)

STEADY: Derivative of Equation 20 with respect to Variable Yf (initial value of Yf: 0)

STEADY: Derivative of Equation 19 with respect to Variable deltat (initial value of deltat: 0)

STEADY: Derivative of Equation 12 with respect to Variable x1 (initial value of x1: 0)

STEADY: Derivative of Equation 12 with respect to Variable x2 (initial value of x2: 0)

STEADY: Derivative of Equation 13 with respect to Variable inflstar (initial value of inflstar: 0)

STEADY: Derivative of Equation 14 with respect to Variable inflstar (initial value of inflstar: 0)

STEADY: Derivative of Equation 8 with respect to Variable dpt (initial value of dpt: 0)

STEADY: Derivative of Equation 9 with respect to Variable dpt (initial value of dpt: 0)

STEADY: Derivative of Equation 19 with respect to Variable dpt (initial value of dpt: 0)

STEADY: The problem most often occurs, because a variable with

STEADY: exponent smaller than 1 has been initialized to 0. Taking the derivative

STEADY: and evaluating it at the steady state then results in a division by 0.