Why it always appears"Impossible to find the steady state"

[oasis]

YZ521.mod (4.1 KB)
Hello Professor, please help me check where there is a problem with my code and why it always does not work。It always tell me that"Impossible to find the steady state".I am looking forward to your reply,thank you.

[alchi49]

Hi, use the option resid(1) before steady. This option will tell you which equation’s residuals are not zero. You will then know which equation you have to check/modify in order to find the correct steady-state.

[oasis]

Thanks for your reply,I put resid(1) into the code like this, but it seems didn’t work

[oasis]

Sorry, I don’t know how to correct it, can you please tell me more about it?

[jpfeifer]

Please do not cross-post. See my reply at

Why it appears "syntax error, unexpected NAME"

Put resid before steady to see the problematic equations. Also, in your parameter definitions, you have c2_ss=d*(1+beta*habit)/((1-habit)*site*h_ss^phi); c1_ss=(c_ss-d*c2_ss)/(1-d); lamda_ss=(1-habit*beta)/c_ss/(1-habit); site=lamda_ss*w_ss/(h_ss^phi); Here, you use site before it was computed.