Blanchard Kahn + Rank Condition

[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

[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.

[daney]

I check my model, but it doesn't work

[jpfeifer]

Could you please post the mod-file.

[daney]

here is the mod file

[jpfeifer]

Your problem is that equations 29 and 57 are collinear. Hence, one of them is redundant and another equation is missing.

[daney]

Thank you very much, I'll fix the problem and inform my results,

Best

Daney