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Blanchard Kahn + Rank Condition
Posted:
Wed Mar 28, 2012 7:27 pmby daney
Hi,
I run my model, but I still have the following problem
"There are 15 eigenvalue(s) larger than 1 in modulus
for 15 forward-looking variable(s)
The rank conditions ISN'T verified!"
Can anyone help me please?
Pd. attached is my modfile
Re: Blanchard Kahn + Rank Condition
Posted:
Thu Mar 29, 2012 6:40 amby jpfeifer
Please search the forum for this issue, there are dozens of posts dealing with this issue. The most common answer is: There usually is one redundant equation, often due to Walras Law, and a corresponding missing equation.
Hence, check your model.
Re: Blanchard Kahn + Rank Condition
Posted:
Thu Mar 29, 2012 7:35 pmby daney
I check my model, but it doesn't work
Re: Blanchard Kahn + Rank Condition
Posted:
Fri Mar 30, 2012 8:28 pmby jpfeifer
Could you please post the mod-file.
Re: Blanchard Kahn + Rank Condition
Posted:
Fri Mar 30, 2012 8:46 pmby daney
here is the mod file
Re: Blanchard Kahn + Rank Condition
Posted:
Wed Apr 18, 2012 6:42 pmby jpfeifer
Your problem is that equations 29 and 57 are collinear. Hence, one of them is redundant and another equation is missing.
Re: Blanchard Kahn + Rank Condition
Posted:
Wed Apr 18, 2012 7:35 pmby daney
Thank you very much, I'll fix the problem and inform my results,
Best
Daney