hi, there
I LOOK FOR the problem of "Blanchard Kahn conditions are not satisfied: no stable equilibrium" in the forum, and found out that most of the answer is that a potential error in timing structure, and I want to konw whether this is the most likely reason in dynare for Blanchard Kahn conditions to be hold or not. thanks
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is timing the only reason of Blanchard Kahn conditions fail
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is timing the only reason of Blanchard Kahn conditions fail
by shuixing » Tue Dec 22, 2015 2:47 pm
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Re: is timing the only reason of Blanchard Kahn conditions
by jpfeifer » Tue Dec 22, 2015 3:30 pm
In 9 out of 10 cases, the timing is the reason. The less common reasons are wrong parameter values and general mistakes in the equations.
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Re: is timing the only reason of Blanchard Kahn conditions
by shuixing » Wed Dec 23, 2015 3:32 am
jpfeifer wrote:In 9 out of 10 cases, the timing is the reason. The less common reasons are wrong parameter values and general mistakes in the equations.
got it! thanks professor jpfeifer!
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