Hi,

Its my first time using Dynare, so I would appreciate any advice on the following.

I have built an OLG model with private pensions savings with three types of agents (young, old and a capitalist). I have convergence issues for my variables c3, k and f: consumption of the capitalist, capital, and the fund value of the assets held in a pension fund.

But from the equation of motion for capital the steady state of k can be solved by ((alpha * beta)/((1 + n) * (1 + g) - (1 - delta) * beta))^(1/(1 - alpha)). So I'm confused by the residual.

Furthermore if I amend kss from 1.0 to ((alpha * beta)/((1 + n) * (1 + g) - (1 - delta) * beta))^(1/(1 - alpha)) which I thought might solve the problem, I get the error message:

Error using print_info (line 83)

Impossible to find the steady state. Either the model doesn't have a steady state, there are an infinity of

steady states, or the guess values are too far from the solution

Thanks.