Some problems when estimate dsge.

[jinyou_yin]

Hi,everyone,thank u for your conscern on my problems:
when I run my model code ,such problem as follows occurs. would someone tell me the reason for this question?

Error using lnsrch1 (line 53)
Some element of Newton direction isn't finite. Jacobian maybe singular or there is a problem with
initial values
Error in solve1 (line 127)
[x,f,fvec,check]=lnsrch1(xold,fold,g,p,stpmax,func,j1,j2,varargin{:});

Error in dynare_solve (line 128)
[x,info]=solve1(func,x,j1(r(i):r(i+1)-1),j2(r(i):r(i+1)-1),jacobian_flag, bad_cond_flag,
varargin{:});

Error in evaluate_steady_state (line 66)
[ys,check] = dynare_solve([M.fname '_static'],...

Error in steady_ (line 54)
[steady_state,params,info] =
evaluate_steady_state(oo_.steady_state,M_,options_,oo_,~options_.steadystate.nocheck);
Error in steady (line 81)
[steady_state,M_.params,info] = steady_(M_,options_,oo_);

Error in sm_2012 (line 285)
steady;

Error in dynare (line 120)
evalin('base',fname) ;

my mod. file is attached and thank you for your time.

[jpfeifer]

If you put

Code: Select all

resid(1);

before steady you will see that there is a problem with an equation/steady state value:

Residuals of the static equations:

Equation number 1 : 0
Equation number 2 : 0
Equation number 3 : 0
Equation number 4 : 0
Equation number 5 : 0
Equation number 6 : 0
Equation number 7 : 0
Equation number 8 : 0
Equation number 9 : 0
Equation number 10 : 0
Equation number 11 : 1255.9072
Equation number 12 : 0
Equation number 13 : 0
Equation number 14 : 0
Equation number 15 : 0
Equation number 16 : 0
Equation number 17 : 0
Equation number 18 : 0

[jinyou_yin]

To jpfeifer:
Thank u so much.You have helped me for several times,thank you sincerely!