Solving a model with indeterminacy
Posted: Fri Jan 16, 2009 7:45 pm
Dear all,
I would like to solve a model under a calibration yielding one stable eigenvalue to much and thus has multiple paths leading back to the steady state. Is it possible to solve an indeterminate model in Dynare and how should I go about it?
I am quite new to this area (I have never before worked with models with sunspots) and would strontly appreciate your help!
Very many thanks,
Ansgar
I would like to solve a model under a calibration yielding one stable eigenvalue to much and thus has multiple paths leading back to the steady state. Is it possible to solve an indeterminate model in Dynare and how should I go about it?
I am quite new to this area (I have never before worked with models with sunspots) and would strontly appreciate your help!
Very many thanks,
Ansgar