Dear,
I need the help to find some error.
The error is that initial vaule is not incompatible with equations.
I am trying to figure it out. But still do not get it.
Thank you.
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need help
by chahj78 » Thu May 05, 2011 4:50 am
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Re: need help
by jpfeifer » Sun May 08, 2011 8:28 am
The error message results from division by 0. As you did not specify an initval-block, all variables are initialized to 0.
Moreover, you FOCs are most probably wrong. Consider for example the term in the second model equation:
In the non-stochastic steady state, PSI and v are both 0. Hence, in the steady state computation,
results in a division of 0 by 0. This gives you the error message for equation 2.
Moreover, you FOCs are most probably wrong. Consider for example the term in the second model equation:
- Code: Select all
(phi_c+PSI/(v/(1-rho_lambda^2)))
In the non-stochastic steady state, PSI and v are both 0. Hence, in the steady state computation,
- Code: Select all
PSI/(v/(1-rho_lambda^2))
results in a division of 0 by 0. This gives you the error message for equation 2.
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