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SMALL OPEN ECONOMY MODEL

PostPosted: Thu Jan 19, 2017 6:37 pm
by Abdulrasheed
Please I am trying to solve my Small Open Economy Model but the following message keep appearing, "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"
Kindly assist me on the way out.

Thanks

Re: SMALL OPEN ECONOMY MODEL

PostPosted: Mon Jan 23, 2017 11:42 am
by jpfeifer
There is no obvious advice, except for: recheck your model (use the resid-command as a guidance) and ideally, provide an analytical steady state.

Re: SMALL OPEN ECONOMY MODEL

PostPosted: Wed Jun 14, 2017 6:02 pm
by Abdulrasheed
Thank You.