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is timing the only reason of Blanchard Kahn conditions fail

PostPosted: Tue Dec 22, 2015 2:47 pm
by shuixing
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

Re: is timing the only reason of Blanchard Kahn conditions

PostPosted: Tue Dec 22, 2015 3:30 pm
by jpfeifer
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.

Re: is timing the only reason of Blanchard Kahn conditions

PostPosted: Wed Dec 23, 2015 3:32 am
by shuixing
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!