I get the following the error message when I run my code:
"There are 14 eigenvalue(s) larger than 1 in modulus
for 12 forward-looking variable(s)
The rank condition ISN'T verified!
Error using print_info (line 42)
Blanchard Kahn conditions are not satisfied: no stable Equilibrium"
I have tried desperately to identify the mistake, but so far without success. Can someone help me? Thanks in advance.
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Blanchard Kahn conditions are not satisfied??
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Blanchard Kahn conditions are not satisfied??
by tkrahnke » Mon Jan 16, 2017 1:27 pm
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Re: Blanchard Kahn conditions are not satisfied??
by jpfeifer » Wed Jan 18, 2017 9:32 pm
Usually, this is a timing problem. Check in particular whether all predetermined states have the correct timing.
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