is my dynare 4.3.3 version stable

[adeleke omolade]

Am confused with the version of the dynare am using. to verify i tried to work with the prior steady state values of a friend who used another version of dynare. i used those value as inital values yet i could not get the staedy state. This makes me to question the statblity of my version. Please can any body also try it and tell me what is wrong the file is attached all the inital values are the prior steady state results obtained by another person with the same model.

[jpfeifer]

But you did not provide any initial values for qm, qs, and M. They are initialized to 0 and lead to the error.

[adeleke omolade]

After adding the variable initial variables i have the following error. Note that all these values are the prior steady state values got by a friend using another version of dynare. Why am i not geting the same result with my dynare 4.3.3?

dynare new.mod

Configuring Dynare ...
[mex] Generalized QZ.
[mex] Sylvester equation solution.
[mex] Kronecker products.
[mex] Sparse kronecker products.
[mex] Local state space iteration (second order).
[mex] Bytecode evaluation.
[mex] k-order perturbation solver.
[mex] k-order solution simulation.
[mex] Quasi Monte-Carlo sequence (Sobol).
[mex] Markov Switching SBVAR.

Starting Dynare (version 4.3.3).
Starting preprocessing of the model file ...
Found 20 equation(s).
Evaluating expressions...done
Computing static model derivatives:
- order 1
Computing dynamic model derivatives:
- order 1
- order 2
Processing outputs ...done
Preprocessing completed.
Starting MATLAB/Octave computing.

Warning: Divide by zero.
> In solve1 at 122
In dynare_solve at 130
In evaluate_steady_state at 66
In steady_ at 54
In steady at 81
In new at 201
In dynare at 120
??? Error using ==> lnsrch1 at 53
Some element of Newton direction isn't finite. Jacobian maybe singular or
there is a problem with initial values

Error in ==> solve1 at 129
[x,f,fvec,check]=lnsrch1(xold,fold,g,p,stpmax,func,j1,j2,varargin{:});

Error in ==> dynare_solve at 130
[x,info]=solve1(func,x,j1(r(i):r(i+1)-1),j2(r(i):r(i+1)-1),jacobian_flag,
bad_cond_flag, varargin{:});

Error in ==> evaluate_steady_state at 66
[ys,check] = dynare_solve([M.fname '_static'],...

Error in ==> steady_ at 54
[steady_state,params,info] =
evaluate_steady_state(oo_.steady_state,M_,options_,oo_,~options_.steadystate.nocheck);
Error in ==> steady at 81
[steady_state,M_.params,info] = steady_(M_,options_,oo_);

Error in ==> new at 201
steady;

Error in ==> dynare at 120
evalin('base',fname) ;

[jpfeifer]

How about initializing all variables exactly the way he did? c, phi, and s are still not initialized.

[adeleke omolade]

Thank you after supplying everything i notice an improvemeny but yet the steady state has not come. this is what i got
what has happened and where is the problem because these are the values he used.

>> dynare new.mod

Configuring Dynare ...
[mex] Generalized QZ.
[mex] Sylvester equation solution.
[mex] Kronecker products.
[mex] Sparse kronecker products.
[mex] Local state space iteration (second order).
[mex] Bytecode evaluation.
[mex] k-order perturbation solver.
[mex] k-order solution simulation.
[mex] Quasi Monte-Carlo sequence (Sobol).
[mex] Markov Switching SBVAR.

Starting Dynare (version 4.3.3).
Starting preprocessing of the model file ...
Found 20 equation(s).
Evaluating expressions...done
Computing static model derivatives:
- order 1
Computing dynamic model derivatives:
- order 1
- order 2
Processing outputs ...done
Preprocessing completed.
Starting MATLAB/Octave computing.


SOLVE: maxit has been reached




Residuals of the static equations:

Equation number 1 : 0.45827
Equation number 2 : 0.2
Equation number 3 : -0.0015
Equation number 4 : -0.30043
Equation number 5 : 0
Equation number 6 : 0
Equation number 7 : 0.058595
Equation number 8 : -0.034608
Equation number 9 : -0.016858
Equation number 10 : 0.01009
Equation number 11 : -0.24297
Equation number 12 : 0.089813
Equation number 13 : 0
Equation number 14 : 0
Equation number 15 : 0
Equation number 16 : 0
Equation number 17 : 0
Equation number 18 : 0
Equation number 19 : 0.058595
Equation number 20 : -0.034608


??? Error using ==> print_info at 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 at 92
print_info(info,options_.noprint);

Error in ==> new at 204
steady;

Error in ==> dynare at 120
evalin('base',fname) ;

>>

[jpfeifer]

What exactly did you do? Did you use the exact steady state values from a different version of Dynare with the same mod-file and it does not run anymore? Or did you just use the same initial values for mode finding? Or are you using a different mod-file?

[adeleke omolade]

Yes what i did was that i used the prior steady state values from another version of dynare with the same mod.file and it does not run anymore with my own version.I used same mod. file. because i guess it should run easily with the steady state values provided as the initial values. Just doing it to see if my 4.3.3 version is stable or unstable.

[jpfeifer]

What do you mean with stable? 4.3.3 is officially a "stable release" because it has a version number. Nevertheless, there have been documented bugs in it: http://www.dynare.org/DynareWiki/KnownBugs
But none of them affects steady state computations. A steady state of a mod-file must be a steady state in any version of Dynare! If it is not, you must be doing something wrong.