The steady state file did not compute the steady state

[stl84]

Dear colleagues,

I receive this error "The steadystate file did not compute the steady state" when I run dynare.
Does anybody have a clue of the origin of the error I get? I uploaded the code. The main file is hwlogS_SOEML.mod.

Thank you so much for your help.

[jpfeifer]

Put

Code: Select all

steady;

before

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stoch_simul

and follow the equations with non-zero residuals. For example, the file currently returns

Residuals of the static equations:

Equation number 1 : 0
Equation number 2 : 0
Equation number 3 : 0
Equation number 4 : 0
Equation number 5 : 0
Equation number 6 : 0
Equation number 7 : 0
Equation number 8 : 0
Equation number 9 : 0
Equation number 10 : 0
Equation number 11 : -1.1054
Equation number 12 : 0
Equation number 13 : 0
Equation number 14 : 0
Equation number 15 : 0

That is because given your model equations, you should have

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b = (ct+yt)/(-i);


but you use

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b = (ct-yt)/i;