Question about the Blanchard Kahn conditions
Posted: Sun May 19, 2013 9:43 pm
I have read most of posts dealing with the indeterminacy and the non respect of the Blanchard Kahn conditions but I wish you can help me with one precision since I have the number of my explosive eigenvalues equal to the forward looking variables but I still meet the indeterminacy error message. I understand that I might have a redundant equation because of the Walrass Law, but would I get the number of explosive eigenvalues equal to the forward looking variable if I was having this problem?
Is the number of explosive eigenvalues equal to the forward looking variables is all what is needed to validate the Blanchard Kahn conditions? if yes, is it normal that I still get the indeterminacy error message?
Is the number of explosive eigenvalues equal to the forward looking variables is all what is needed to validate the Blanchard Kahn conditions? if yes, is it normal that I still get the indeterminacy error message?