error "lnsrch1 at 53", Newton direction

[Mahar]

Hello,

This error message appears when i compute my code:
"??? Error using ==> lnsrch1 at 53
Some element of Newton direction isn't finite."

What does is it mean?
I changed a lot of initial values and parameters values, it isn't better.
I am almost sure the equations of the model are the right ones, and expressed in the right form.

Many thanks

Mahar

[jpfeifer]

Your starting values are so poor that Dynare cannot find the steady state. Try computing the steady state by pencil and paper and provide them to the program.

[Mahar]

Thank you for your answer, i'm going to find the steady state values by pencil and paper.

Regards

[selima]

excuse me for my evident question , but what do you mean by computing steady state by pencil and paper ? is it not considering the rime subscript and putting the schock=0?
thank you for the answer.

[jpfeifer]

It means dropping time subscripts and setting shocks to 0 and then computing the steady state by hand on a piece of paper.