Hi everyone.

My model has 32 equations. I inserted the model linearly into the dynare. To parameterization, I entered the steady state equations of the model into Maple. I entered some parameters such as alpha, beta, etc. also I entered some parameters, such as a_ss/y_ss , b_ss/y_ss and etc from data. And the rest of the parameters were obtained by solving the system of steady state equations in Maple. Of course, when entering the dynare, I did not enter these parameters very accurately.

This is the error that dynare gave me:

STEADY: numerical initial values or parameters incompatible with the following equations

20

Check whether your model is truly linear. Put “resid(1);” before “steady;” to see the problematic equations.

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 : NaN

Equation number 8 : 0

Equation number 9 : 0.091525

Equation number 10 : 0

Equation number 11 : 0

Equation number 12 : NaN

Equation number 13 : -0.00053773

Equation number 14 : 0

Equation number 15 : 0

Equation number 16 : NaN

Equation number 17 : 0

Equation number 18 : NaN

Equation number 19 : 0

Equation number 20 : NaN

Equation number 21 : 0

Equation number 22 : 0.091525

Equation number 23 : 0

Equation number 24 : 0

Equation number 25 : NaN

Equation number 26 : 0

Equation number 27 : 0

Equation number 28 : 0

Equation number 29 : 0

Equation number 30 : 0

Equation number 31 : 0

Equation number 32 : 0

Error using print_info (line 90)

The steady state contains NaN or Inf

Error in steady (line 104)

print_info(info,options_.noprint, options_);

Error in amirali1 (line 483)

steady;

Error in dynare (line 235)

evalin(‘base’,fname) ;

**Is this error because some equations are wrong or Linearization is wrong? Or could it be due to a wrong parameterization?**