I wrote a model and wanted to see the transition path from the initial state to the steady state. I used histval to specify the initial state. However, when I used simul to do the simulation, it shows that "maximum number of iterations is reached " even after I have increased the number of maxit to 20000. I understand it might be because the model is too complex. I wonder if substituting out some variables (without actually changing the model) will help? do I need to change the stack_solve_algo? I also found in another post where the suggestion is to change the step size of the Newton iteration (options_.slowc) from the default 1 to 0.1, but where to set this option? Are there some other solutions?
Thanks. My dynare version is 4.4.3.