DSGE with 4 shocks
Posted: Tue Jun 30, 2009 7:33 pm
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
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