I am running the mod with dynare, but there are some problems with this, If they were so kind to find out where is the error and help me solve this, thank you!
There are 5 eigenvalue(s) larger than 1 in modulus
for 8 forward-looking variable(s)
The rank condition ISN'T verified!
error! print_info (line 45)
Blanchard Kahn conditions are not satisfied: indeterminacy
error! stoch_simul (line 98)
print_info(info, options_.noprint, options_);
error! dsge (line 354)
info = stoch_simul(var_list_);
error! dynare (line 180)
evalin('base',fname) ;
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Problem with DSGE
by Lawyue » Fri Jun 26, 2015 3:12 am
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Re: Problem with DSGE
by jpfeifer » Wed Jul 01, 2015 5:24 am
You are neglecting Dynare's timing convention for predetermined states. For example, the timing for capital is wrong. Search the forum for details.
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