Starting Dynare (version 5.1).
Calling Dynare with arguments: none
Starting preprocessing of the model file ...

Found 7 equation(s).

Evaluating expressions...done

Computing static model derivatives (order 1).

Computing dynamic model derivatives (order 2).

Processing outputs ...

done

Preprocessing completed.


warning: matrix singular to machine precision, rcond = 3.17692e-17
warning: called from
    trust_region>dogleg at line 193 column 7
    trust_region at line 108 column 7
    dynare_solve at line 313 column 24
    evaluate_steady_state at line 265 column 20
    steady_ at line 55 column 28
    steady at line 80 column 35
    driver at line 183 column 1
    dynare at line 281 column 5

warning: matrix singular to machine precision, rcond = 8.77695e-18
warning: called from
    trust_region>dogleg at line 193 column 7
    trust_region at line 108 column 7
    dynare_solve at line 313 column 24
    evaluate_steady_state at line 265 column 20
    steady_ at line 55 column 28
    steady at line 80 column 35
    driver at line 183 column 1
    dynare at line 281 column 5

warning: matrix singular to machine precision, rcond = 2.42462e-18
warning: called from
    trust_region>dogleg at line 193 column 7
    trust_region at line 108 column 7
    dynare_solve at line 313 column 24
    evaluate_steady_state at line 265 column 20
    steady_ at line 55 column 28
    steady at line 80 column 35
    driver at line 183 column 1
    dynare at line 281 column 5

warning: matrix singular to machine precision, rcond = 6.69846e-19
warning: called from
    trust_region>dogleg at line 193 column 7
    trust_region at line 108 column 7
    dynare_solve at line 313 column 24
    evaluate_steady_state at line 265 column 20
    steady_ at line 55 column 28
    steady at line 80 column 35
    driver at line 183 column 1
    dynare at line 281 column 5

warning: matrix singular to machine precision, rcond = 1.85046e-19
warning: called from
    trust_region>dogleg at line 193 column 7
    trust_region at line 108 column 7
    dynare_solve at line 313 column 24
    evaluate_steady_state at line 265 column 20
    steady_ at line 55 column 28
    steady at line 80 column 35
    driver at line 183 column 1
    dynare at line 281 column 5

warning: matrix singular to machine precision, rcond = 5.11219e-20
warning: called from
    trust_region>dogleg at line 193 column 7
    trust_region at line 108 column 7
    dynare_solve at line 313 column 24
    evaluate_steady_state at line 265 column 20
    steady_ at line 55 column 28
    steady at line 80 column 35
    driver at line 183 column 1
    dynare at line 281 column 5

warning: matrix singular to machine precision, rcond = 1.41226e-20
warning: called from
    trust_region>dogleg at line 193 column 7
    trust_region at line 108 column 7
    dynare_solve at line 313 column 24
    evaluate_steady_state at line 265 column 20
    steady_ at line 55 column 28
    steady at line 80 column 35
    driver at line 183 column 1
    dynare at line 281 column 5

warning: matrix singular to machine precision, rcond = 3.90157e-21
warning: called from
    trust_region>dogleg at line 193 column 7
    trust_region at line 108 column 7
    dynare_solve at line 313 column 24
    evaluate_steady_state at line 265 column 20
    steady_ at line 55 column 28
    steady at line 80 column 35
    driver at line 183 column 1
    dynare at line 281 column 5

warning: matrix singular to machine precision, rcond = 1.07783e-21
warning: called from
    trust_region>dogleg at line 193 column 7
    trust_region at line 108 column 7
    dynare_solve at line 313 column 24
    evaluate_steady_state at line 265 column 20
    steady_ at line 55 column 28
    steady at line 80 column 35
    driver at line 183 column 1
    dynare at line 281 column 5





Residuals of the static equations:

Equation number 1 : 0 : 1
Equation number 2 : -1.0281e-06 : 2
Equation number 3 : 5.5182e-06 : r
Equation number 4 : 4.8969e-05 : w
Equation number 5 : 0 : c
Equation number 6 : 0 : k
Equation number 7 : 0 : y