FINDING STEADY STATE. ERROR.....HELP

[sanga]

Dear all,
I try to run a multi-country model, but I'm now facing some problems to find the steady state; The error message is the following:
"STEADY: numerical initial values or parameters incompatible with the following equations
8 38 48 78"
Please, Can someone help me to solve this problem and to find these cited equations?
The mod file is attached;
Thanks!!!!!!

[jpfeifer]

Using

Code: Select all

initval(all_values_required);


displays:

You have not set the following endogenous variables in initval: nh_1 nn_1 ut_1 dy_1 dc_1 dn_1 u_c_1 u_n_1 nh_2 nn_2 ut_2 dy_2 dc_2 dn_2 u_c_2 u_n_2

When using equations like

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    w_@{i} = -u_n_@{i} * u_c_@{i}^(-1);


where you have 1/u_c_, you cannot leave the u_c_ initialized to 0.

[sanga]

Thank you very much JPFEIFER for your quick reply;

I will try this solution and will let you know the result.

Best,

[sanga]

Hi Jpfeifer,
I have corrected the initval's problem, but the dynare can't find the steady state until now. Please can you help me again?
The corrected mod file is attached;
Thanks!!!!!!!!!!!!!!

[jpfeifer]

Use model_diagnostics to see that there is a collinearity problem.

Regarding the steady state: look at the equations

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    w_@{i} = -u_n_@{i} * u_c_@{i}^(-1);


They are the ones with the residuals.

[sanga]

Thank you Jpfeifer!
I will try to correct it;