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Does my model have a steady state?
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Does my model have a steady state?
by LittleFish » Sun Apr 01, 2012 5:28 pm
I have spent a very very long time trying different parameter values and initial values in order to find the steady state of this model, but Matlab never likes it. Messages I got include: convergence problem, spurious convergence, Newton direction isn't finite, Jacobian is singular, etc. Any help would be appreciated.
Last edited by LittleFish on Mon Apr 02, 2012 3:48 pm, edited 1 time in total.
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Re: Does my model have a steady state?
by bkjecn » Mon Apr 02, 2012 2:57 pm
With even moderately sized models it is often useful to solve the steady state yourself. At first glance, your model seems nearly linear, so this should be doable. Have a look at how to write the steadystate.m file at http://www.dynare.org/manual/index_20.h ... state-file
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