help prolem about the steady-state

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help prolem about the steady-state

Postby jerry9037 » Tue Apr 23, 2013 11:58 am

dynare tell me
Error using print_info (line 57)
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

what may cause this??
my equations input are non-linear equations....
thanks!!!!!
jerry9037
 
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Joined: Tue Apr 23, 2013 11:26 am

Re: help prolem about the steady-state

Postby mghazias » Tue Apr 23, 2013 3:11 pm

Your initial values are not good enough, (not close enough to the steady state value).
Depend on your model,
1) You must give it better guesses, or
2) you must solve the model, find steady state values, and provide them to dynare as intial values.
mghazias
 
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