error : no stable equilibrium

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error : no stable equilibrium

Postby nabilfrance » Tue Jun 12, 2007 10:39 am

Hello,

When i run my dynare codes, matlab give me this error message:

??? Error using ==> print_info at 21
Blanchard Kahn conditions are not satisfied: no stable equilibrium

Error in ==> stoch_simul at 49
print_info(info);

Error in ==> petrole1 at 148
info=stoch_simul(var_list_);

Error in ==> dynare at 26
evalin('base',fname) ;


Could someone please help me understand what does it mean and what i have to do to solve it.

thanks
nabilfrance
 
Posts: 11
Joined: Tue Oct 17, 2006 1:56 pm

Postby reubenpjacob » Thu Jun 14, 2007 5:50 am

hi
this is just that the model, given the present parameter values is unstable as a dynamic system given the B-K conditions.
one can play around with the values a bit.
or one can strip down the model to the simplest possible version and then add the other equations gradually. then one can see the source of instability gradually.

cheers
reuben
reubenpjacob
 
Posts: 133
Joined: Fri Oct 06, 2006 3:23 pm
Location: Reserve Bank of New Zealand

Postby nabilfrance » Thu Jun 14, 2007 10:00 am

Thank you so much for your help
nabilfrance
 
Posts: 11
Joined: Tue Oct 17, 2006 1:56 pm

Postby nabilfrance » Thu Jun 14, 2007 10:33 am

Thank you so much for your help
nabilfrance
 
Posts: 11
Joined: Tue Oct 17, 2006 1:56 pm


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