Dynare forums

Hi, there,

I constructed a model and build the FOCs into the mod file. However, the errors that occur appear as:

Warning: Some of the parameters have no value (alpha_p) when using steady. If these parameters are not initialized in a steadystate file, Dynare may
not be able to solve the model...
> In test_for_deep_parameters_calibration at 46
In steady at 33
In code_for_simulation3 at 281
In dynare at 120
STEADY: numerical initial values incompatible with the following equations
15 17
??? Error using ==> dynare_solve at 94
exiting ...

Error in ==> steady_ at 120
[oo_.steady_state,check] = dynare_solve([M_.fname '_static'],...

Error in ==> steady at 54
steady_;

Error in ==> code_for_simulation3 at 281
steady;

Error in ==> dynare at 120
evalin('base',fname) ;


What does it mean? How can I possibly fix this problem?

Help! Thanks in advance!

Some of the parameters have no value (alpha_p) when using steady.

Set this parameter to its correct value. If the problem persists, post the mod-file.

I tried different values, but that does not work.

Here is the mod file, thank you!

Dynare is case-sensitive. You named your parameter alpha_p, but you initialize alpha_P.