# of eigenvalues = # of forward looking variables, however

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.

# of eigenvalues = # of forward looking variables, however

Postby justinwang » Sat Feb 18, 2012 3:38 pm

I read the dynare manual, it says that if the number of eigenvalues equals to the number of forward-looking variables, the rank conditions should be satisfied. How come in my case, it does not?

Attached is my dynare code, if you run it, the result is:

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

The rank conditions ISN'T verified!

what's wrong with the code?

best wishes!

justin
Attachments
paper2b.mod
(2.58 KiB) Downloaded 182 times
justinwang
 
Posts: 2
Joined: Thu Mar 25, 2010 12:48 am

Re: # of eigenvalues = # of forward looking variables, howev

Postby jpfeifer » Sat Feb 18, 2012 8:53 pm

The following endogenous variables aren't present at the current period in the model:
rkt
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
Posts: 6940
Joined: Sun Feb 21, 2010 4:02 pm
Location: Cologne, Germany

Re: # of eigenvalues = # of forward looking variables, howev

Postby justinwang » Sat Feb 18, 2012 11:21 pm

jpfeifer wrote:The following endogenous variables aren't present at the current period in the model:
rkt

thanks a lot. That solved the problem.
justinwang
 
Posts: 2
Joined: Thu Mar 25, 2010 12:48 am


Return to Dynare help

Who is online

Users browsing this forum: No registered users and 11 guests