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Error in interation:Impossible to find the steady state

PostPosted: Thu Nov 01, 2012 10:35 am
by wanghao19820707
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

Re: Error in interation:Impossible to find the steady state

PostPosted: Sun Nov 04, 2012 8:44 am
by jpfeifer