Dear Pro. Pfeifer,
I built a model for the residential investment with credit shock and house demand shock. But the code seems have some problem. Actually when I ran the code firstly it was OK. But after I made some adjustment for the parameter value or something else, the code could't work anymore. I checked once more and feel there's no timing problem in the code.
Could you help me?
Thanks!
There are 10 eigenvalue(s) larger than 1 in modulus
for 9 forward-looking variable(s)
The rank condition ISN'T verified!
Error using print_info (line 42)
Blanchard Kahn conditions are not satisfied: no stable equilibrium
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The rank condition ISN'T verified!
by zhuzixiang » Tue Nov 25, 2014 1:34 pm
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Re: The rank condition ISN'T verified!
by jpfeifer » Wed Dec 03, 2014 11:31 am
I don't know your model so I don't think I can help you. You need to check your timing again, in particular considering that you model has several sectors. Particularly check whether all variables you time as being predetermined are really predetermined (or whether you missed a (+1) somewhere, e.g. in an Euler equation)
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