When I added the money supply policy，the dynare says Blanchard Kahn conditions are not satisfied: no stable equilibrium.
I don't know what's wrong with me.Thanks！
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BK：no stable equilibrium
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BK：no stable equilibrium
by qing23185 » Sun Mar 20, 2016 9:20 am
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Re: BK：no stable equilibrium
by jpfeifer » Mon Mar 21, 2016 7:07 am
Which equation did you add? What did you use before to set monetary policy?
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