No Irfs & Moments for some endogenous variables

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No Irfs & Moments for some endogenous variables

Postby sesser » Mon Dec 01, 2014 3:02 pm

Dear everyone,

I'm working on a two sector DSGE model with labor market frictions and price rigidities . Since my model is log-linearized, the steady state values enter as parameters which I solve for in a corresponding steady state file (*twosecexonew_steadystate.m"). Within the steady state file, I employ Matlab's fsolve to obtain the steady state values/parameters (see "ss_fun.m").

However, Dynare doesn't produce IRFs of some endogenous variables and also doesn't compute the theoretical moments for those endogenous variables. If you have a look at the oo_.-structure, "oo_.irfs" as well as "oo_.var" contain NaNs. Does anyone know how to deal with this issue? I'm a bit puzzled since I have never seen such a problem before. I really appreciate any help you can provide.
Attachments
ss_fun.m
(3.02 KiB) Downloaded 42 times
twosecexonew_steadystate.m
(2.6 KiB) Downloaded 46 times
twosecexonew.mod
(5.95 KiB) Downloaded 43 times
sesser
 
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Re: No Irfs & Moments for some endogenous variables

Postby jpfeifer » Wed Dec 03, 2014 11:03 am

Most importantly, model_diagnostics says
Code: Select all
MODEL_DIAGNOSTICS: The following endogenous variables aren't present at the current period in the model:
m     
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
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Re: No Irfs & Moments for some endogenous variables

Postby sesser » Thu Dec 04, 2014 11:17 am

Thanks for your remark, Johannes. This helped me to trace my error.
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