convergence problems

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convergence problems

Postby saulo » Thu Jan 14, 2010 2:35 pm

Hi, I'm doing a DSGE model with two sectors: tradables and not tradables, but in my model appear this messaje

??? Error using ==> steady_
STEADY: convergence problems

Error in ==> steady at 52
steady_;

Error in ==> sobrenatural4 at 140
steady;

Error in ==> dynare at 132
evalin('base',fname) ;

i don't now what is the problem, I work whit dynare 4.1

thanks!!
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sobrenatural4.mod
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saulo
 
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Re: convergence problems

Postby StephaneLhuissier » Thu Jan 14, 2010 2:56 pm

Put this steady state in the block "initval" :

initval;
ct = 2.52;
cn = 2.59804;
c = 6;
kt = 65997;
kn = 30.2608;
p = 1.33947;
b = -166393;
rem = 0;
k = 66027.2;
end;

That works but strange results. The model is correct ?
Stéphane Lhuissier
CEPII
http://www.stephanelhuissier.eu
StephaneLhuissier
 
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Re: convergence problems

Postby saulo » Thu Jan 14, 2010 3:12 pm

thanks, you are rigth, my model has a problem. how do you find the initvalues?
saulo
 
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Re: convergence problems

Postby StephaneLhuissier » Thu Jan 14, 2010 3:25 pm

I just found the steady state by hand. You should find a tutorial - how to find the steady state -on google who explains that.
Stéphane Lhuissier
CEPII
http://www.stephanelhuissier.eu
StephaneLhuissier
 
Posts: 20
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