Inconsistency between "check" and "stoch_simul"

This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location where you will have to reset your password.
Forum rules
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.

Inconsistency between "check" and "stoch_simul"

Postby bigbigben » Tue Nov 15, 2011 9:55 am

I have a code and the check command indicates the rank condition is satisfied; however, the stoch_simul command indicates the rank condition is not satisfied? What could be the problem? Below is the message from Dynare 4.2

There are 8 eigenvalue(s) larger than 1 in modulus
for 8 forward-looking variable(s)

The rank condition is verified.

??? Error using ==> print_info at 39
Blanchard Kahn conditions are not satisfied: no stable equilibrium

Error in ==> stoch_simul at 71
print_info(info, options_.noprint);

Error in ==> cdl_v1 at 318
info = stoch_simul(var_list_);

Error in ==> dynare at 132
evalin('base',fname) ;

I also attach my code here
Attachments
cdl_v1.mod
(8.78 KiB) Downloaded 121 times
bigbigben
 
Posts: 171
Joined: Sun May 28, 2006 1:19 am

Re: Inconsistency between "check" and "stoch_simul"

Postby SébastienVillemot » Fri Nov 18, 2011 10:39 am

Using Dynare 4.2.2, I get the following message on your model:

Code: Select all
One of the eigenvalues is is close to 0/0 (the absolute value of numerator and
denominator is smaller than 1e-6).

Error in check (line 51)
    print_info(info, options_.noprint);

Error in cdl_v1 (line 304)
check;


So it does not pass the "check" command.

Best,
Sébastien Villemot
Economist at OFCE – Sciences Po
SébastienVillemot
 
Posts: 706
Joined: Fri Dec 07, 2007 2:29 pm
Location: Paris, France


Return to Dynare help

Who is online

Users browsing this forum: No registered users and 13 guests