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DSGE with 4 shocks

PostPosted: Tue Jun 30, 2009 7:33 pm
by moecuador
Hi, i just started using dynare and im trying to replicate Chumacero and Fuentes (2006) On the Determinants of the chilen economic growth.

I have the attached .mod file, but when i try to run it, it tells me that there is spurious convergence.

SOLVE: Iteration 24
Spurious convergence.
-509.7463
0.1208
-3.7130
-24.1741
-5.3239
0
0
0
0

??? Error using ==> steady_ at 77
STEADY: convergence problems

Error in ==> steady at 52
steady_;

Error in ==> rbc_investmentplog at 160
steady;

Error in ==> dynare at 102
evalin('base',fname) ;
I have calibrated the model but I havent calculated the steady state
Could this cause the error?

Thank you everyone,

Mercy
The attachment rbc_investmentplog.mod is no longer available
The attachment rbc_investmentplog.mod is no longer available