Dear all,
I am having trouble with locating the steady state of the enclosed model. It is particularly confusing since the analytical calculation of the steady state is given a nice exposition in ABC's of RBC's and I have simply put these values into the initval block. However, dynare reports that one of the equations has a residual of ~ 0.3. Any pointers for this beginner would be extremely appreciated.
Jake.
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Unable to find steady state!
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Unable to find steady state!
by jakegunner » Fri Oct 10, 2014 4:19 pm
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Re: Unable to find steady state!
by jpfeifer » Sat Oct 11, 2014 2:59 pm
I attached the corrected file. Your process for a was incorrectly specified and the timing for both the interest rate definition and for a were wrong.
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Re: Unable to find steady state!
by jakegunner » Sat Oct 11, 2014 6:05 pm
jpfeifer,
Thank you very much your help.
Thank you very much your help.
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