Hi,
I have just started learning dynare. I am trying to run a simple RBC model. When I run my code (attached) I keep getting the following error
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
Error in steady (line 92)
print_info(info,options_.noprint);
Error in irelandex3 (line 125)
steady;
Error in dynare (line 120)
evalin('base',fname) ;
I have taken the model from an academic article and I have hence used the steady state values reported in the paper and I double-checked them in matlab. It would seem strange to me if the steady state values I have listed are wrong. I also tried writing a code for the log-linearized version of the model and it works. So I really don't know where I am getting the model wrong.
I would appreciate any help by more expert users.
Thanks a lot!