Hi, I am working on a simple version of Bergin(2000), but my model doesn't satisfy the rank condition. I don't understand why.
"There are 3 eigenvalue(s) larger than 1 in modulus
for 3 forward-looking variable(s)
The rank condition ISN'T verified!"
The mod file is attached.
Could anyone help me?
Dynare forums
Forums for asking questions, posting comments and uploading examples related to Dynare
Monetary Union - rank problem
Forum rules
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.
2 posts
• Page 1 of 1
Monetary Union - rank problem
by jpv1988 » Mon Sep 07, 2015 3:03 pm
- Attachments
-
Bergin_No_MS_simple.mod- (1.72 KiB) Downloaded 95 times
- jpv1988
- Posts: 5
- Joined: Fri Dec 07, 2012 5:56 pm
Re: Monetary Union - rank problem
by jpfeifer » Sun Sep 13, 2015 4:15 pm
I am not familiar with that model, but are you sure that you have all relevant equations entered correctly? And are you sure that model allows for a unique determinate equilibrium?
- jpfeifer
- Posts: 6940
- Joined: Sun Feb 21, 2010 4:02 pm
- Location: Cologne, Germany
2 posts
• Page 1 of 1
Who is online
Users browsing this forum: No registered users and 9 guests