SMALL OPEN ECONOMY MODEL

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SMALL OPEN ECONOMY MODEL

Postby Abdulrasheed » Thu Jan 19, 2017 6:37 pm

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
Abdulrasheed
 
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Re: SMALL OPEN ECONOMY MODEL

Postby jpfeifer » Mon Jan 23, 2017 11:42 am

There is no obvious advice, except for: recheck your model (use the resid-command as a guidance) and ideally, provide an analytical steady state.
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Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
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Re: SMALL OPEN ECONOMY MODEL

Postby Abdulrasheed » Wed Jun 14, 2017 6:02 pm

Thank You.
Abdulrasheed
 
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