hi guys,
I am writing the dynare code for bernanke, gertler and gilchrist(1999). But meet problem when simulating.
The information displayed is
STEADY: numerical initial values incompatible with the following equations
5 9.
I have checked many times, but cannot find the problem. So I need your help. Will be the problem caused by calibration?
Thank you!
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some problems with BGG model
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some problems with BGG model
by ztbhewitt » Thu Jul 07, 2011 1:43 pm
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Re: some problems with BGG model
by jpfeifer » Fri Jul 08, 2011 9:32 am
Hi, how about
Warning: Some of the parameters have no value (epsilon, kappa) when using steady. If these parameters are not
initialized in a steadystate file, Dynare may not be able to solve the model...
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Re: some problems with BGG model
by ztbhewitt » Sun Jul 10, 2011 6:53 am
jpfeifer wrote:Hi, how aboutWarning: Some of the parameters have no value (epsilon, kappa) when using steady. If these parameters are not
initialized in a steadystate file, Dynare may not be able to solve the model...
Thanks a lot! it works now
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