Hello,
I have composed a two equation model for illustrative purpose. I have attached the file. I want to solve for the steady state (the time leads and lags do not matter), however, I get an error message: “STEADY: numerical initial values incompatible with the following equations”.
I want to use the hybrid Philips curve in a nonlinear model. However, due to the problem I have described to you I cannot compute the steady state.
I would appreciate if you could help me. Thank you!
Best regards,
Rasa
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STEADY: numerical initial values incompatible with the foll
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STEADY: numerical initial values incompatible with the foll
by Rasa » Sat Jan 29, 2011 1:04 pm
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Re: STEADY: numerical initial values incompatible with the foll
by jpfeifer » Sun Jan 30, 2011 11:23 am
The initval block has to be before the steady-command as otherwise all initial values are still 0 when the steady state is computed.
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Re: STEADY: numerical initial values incompatible with the foll
by Rasa » Sun Jan 30, 2011 2:05 pm
Thank you! Yes, you are right. I did not notice that I switched the two statements.
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