Cannot get residuals of static equations to be zero
Posted: Fri Feb 14, 2014 5:05 pmHi,
When I try and run the attached mod file of a two-country model I get the error message that indicates that it is impossible to find the steady state.
I believe the reason is that the residuals from the static equation do not all equal zero (about half do) but the problem is I cannot figure out why. My initial values are mostly solved analytically while the ones that are not come from economy theory, e.g. consumption greater than investments. I have also reviewed both my model equations and steady state equations used to determine the initial values and I cannot find the error.
I have attached the mod file with the hope that someone can spot the error.
Thanks in advance,
Jeremy
When I try and run the attached mod file of a two-country model I get the error message that indicates that it is impossible to find the steady state.
I believe the reason is that the residuals from the static equation do not all equal zero (about half do) but the problem is I cannot figure out why. My initial values are mostly solved analytically while the ones that are not come from economy theory, e.g. consumption greater than investments. I have also reviewed both my model equations and steady state equations used to determine the initial values and I cannot find the error.
I have attached the mod file with the hope that someone can spot the error.
Thanks in advance,
Jeremy