We calculate static solutions of the 'GOY' shell model of turbulence a
nd do a linear stability analysis. The asymptotic limit of large Reyno
lds numbers is analyzed. A phase diagram is presented which shows the
range of stability of the static solution. We see an unexpected oscill
atory dependence of the stability range upon lg nu, where nu is the vi
scosity. This effect depends upon the discrete structure of the shell
model and goes to zero as the separation between the shells is brought
to zero. These findings show how viscous effects play a role in deter
mining inertial properties of shell models and give some hints for und
erstanding the effects of viscous dissipation upon real turbulence.