Dynare forums

Hello,

I am currently running a deterministic simulation over my model. This simulation is supposed to start and end in two points, none of which constitutes a steady state of the model.

I am omitting the command steady() and providing initial and final conditions (see the code attacched).

Nevertheless, when launching the simulation I run into this error:

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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


Can anyone explain me why?

Because you have a

Code: Select all

check

command, which checks the Blanchard-Kahn conditions. These are a local property obtained by a first order approximation around the steady state, which Dynare tries to compute then.