New Keynesian model steady state
Posted: Tue Jul 01, 2014 1:48 pmhello,
I'm trying to run a New Keynesian model which has a banking sector in Dynare.But the result show the error like this:
"Impossible to find the steady state. Either the model doesn't have a steady state,
there are an infinity of steady states, or the guess values are too far from the
solution"
I have already compute the steady state analytically using pencil and paper.I'm a new user of Dynare,I can not find the problem.Can someone help me and tell me what I'm doing wrong?
I have already uploaded the file,many thanks in advance.
I'm trying to run a New Keynesian model which has a banking sector in Dynare.But the result show the error like this:
"Impossible to find the steady state. Either the model doesn't have a steady state,
there are an infinity of steady states, or the guess values are too far from the
solution"
I have already compute the steady state analytically using pencil and paper.I'm a new user of Dynare,I can not find the problem.Can someone help me and tell me what I'm doing wrong?
I have already uploaded the file,many thanks in advance.