Dear all:
when I run the attached file the error message is as following:
??? Error using ==> print_info at 57
Impossible to find the steady state. Either the model doesn't have a unique steady state of the guess values
are too far from the solution
Error in ==> initial_estimation_checks at 66
print_info(info, DynareOptions.noprint)
Error in ==> dynare_estimation_1 at 133
oo_ =
initial_estimation_checks(objective_function,xparam1,dataset_,M_,estim_params_,options_,bayestopt_,oo_);
Error in ==> dynare_estimation at 70
dynare_estimation_1(var_list,dname);
Error in ==> rbc at 209
dynare_estimation(var_list_);
Error in ==> dynare at 120
evalin('base',fname) ;
how to solve this problem?
also,when there is "Spurious convergence" in Iteration.By the way,calculate the steady state alone with out estimation is OK.
Thank you all!
HAO WANG