Safer point not finite in GoldenSectionSearch

[shifeixuxu]

Hello,

When I ran dynare++, I met this error: Caught Dynare exception: nlsolve.cpp:71: Safer point not finite in GoldenSectionSearch::init_bracket.

Could anyone explain what I should look for to resolve this?

Thanks.

[jpfeifer]

Please provide the mod-file.

[shifeixuxu]

Attached is the mod file. Thanks!

[jpfeifer]

This means that the steady state could not be found given your initial values. The steady state Dynare 4.4.3 found for your file is

STEADY-STATE RESULTS:

a 0
afirm 0
k -2.96752
n -3.58357
eps 0
epsfirm 0
V -2.51789
EreturnV 0.0710184
Varprkernel 0.00420374

You can use them as starting values. However, the Blanchard-Kahn conditions for this steady are not satisfied due to a collinearity problem. Thus, check your model.