Dynare forums

Posted: **Thu Jul 07, 2011 1:43 pm**

hi guys,
I am writing the dynare code for bernanke, gertler and gilchrist(1999). But meet problem when simulating.
The information displayed is
STEADY: numerical initial values incompatible with the following equations
5 9.
I have checked many times, but cannot find the problem. So I need your help. Will be the problem caused by calibration?
Thank you!

Posted: **Fri Jul 08, 2011 9:32 am**

Hi, how about

Warning: Some of the parameters have no value (epsilon, kappa) when using steady. If these parameters are not
initialized in a steadystate file, Dynare may not be able to solve the model...

Posted: **Sun Jul 10, 2011 6:53 am**

jpfeifer wrote:Hi, how about
Warning: Some of the parameters have no value (epsilon, kappa) when using steady. If these parameters are not
initialized in a steadystate file, Dynare may not be able to solve the model...

Thanks a lot! it works now

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