5-period OLG modle with labor and production
Posted: Mon Jul 20, 2015 10:02 am
Hello! This is M. Kim.
I am currently working on 5-period OLG model with labor and production. And this is my first time to use Dynare.
I want to do deterministic simulation with my model. (I already computed steady states values by hand.)
I think that I rightly put variables, model, initial values for computing steady state, etc. (see the attached mod file), but I have got error message, "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."
Could you please let me know the way to fix this problem?
Best wishes,
M. Kim
I am currently working on 5-period OLG model with labor and production. And this is my first time to use Dynare.
I want to do deterministic simulation with my model. (I already computed steady states values by hand.)
I think that I rightly put variables, model, initial values for computing steady state, etc. (see the attached mod file), but I have got error message, "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."
Could you please let me know the way to fix this problem?
Best wishes,
M. Kim