extended_path algorithm

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extended_path algorithm

Postby Barbara73 » Sun Jan 20, 2013 5:17 pm

Hi there,
I have a model with an occasionally binding constraint and I am using the extended_path algorithm (1600 periods, just one shock with sd 0.002) Unfortunately I get the error message reported below. Any clues on how I can proceed? Any hint and/or suggestion will be very appreciated.
Barbara

Warning: Matrix is singular to working precision.
> In solve_perfect_foresight_model at 77
In extended_path at 213
In binding at 345
In dynare at 120
Warning: Matrix is singular to working precision.
> In solve_perfect_foresight_model at 77
In homotopic_steps at 63
In extended_path at 344
In binding at 345
In dynare at 120
Warning: Matrix is singular to working precision.
> In solve_perfect_foresight_model at 77
In homotopic_steps at 63
In extended_path at 344
In binding at 345
In dynare at 120
Warning: Matrix is singular to working precision.
> In solve_perfect_foresight_model at 77
In homotopic_steps at 63
In extended_path at 344
In binding at 345
In dynare at 120
Warning: Matrix is singular to working precision.
> In solve_perfect_foresight_model at 77
In homotopic_steps at 63
In extended_path at 344
In binding at 345
In dynare at 120
Warning: Matrix is singular to working precision.
> In solve_perfect_foresight_model at 77
In homotopic_steps at 63
In extended_path at 344
In binding at 345
In dynare at 120
Warning: Matrix is singular to working precision.
> In solve_perfect_foresight_model at 77
In homotopic_steps at 63
In extended_path at 344
In binding at 345
In dynare at 120
Warning: Matrix is singular to working precision.
> In solve_perfect_foresight_model at 77
In homotopic_steps at 136
In extended_path at 344
In binding at 345
In dynare at 120
??? Error using ==> homotopic_steps at 151
extended_path::homotopy: Oups! I did my best, but I
am not able to simulate this model...

Error in ==> extended_path at 344
[INFO,tmp] =
homotopic_steps(endo_simul,exo_simul_1,.5,.01,pfm1);

Error in ==> binding at 345
oo_.endo_simul = [ oo_.steady_state,
extended_path([], 1600) ];

Error in ==> dynare at 120
evalin('base',fname) ;
Barbara73
 
Posts: 1
Joined: Fri Jul 15, 2011 11:09 am

Re: extended_path algorithm

Postby SébastienVillemot » Thu Feb 07, 2013 11:08 am

Your model seems to be singular in some way. Did you first try to run a "simple" deterministic simulation with the "simul" command?

Also, providing your MOD file would help.
Sébastien Villemot
Economist at OFCE – Sciences Po
SébastienVillemot
 
Posts: 706
Joined: Fri Dec 07, 2007 2:29 pm
Location: Paris, France


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