Dear forum,
I am trying to run a DSGE with an uncertainty shock, and hence want to obtain the third-order approximations. I have to use pruning otherwise the model will explode.
When I run my code, I get the following message:
"Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 5.447963e-22."
How to come around this problem?! I want to obtain GIRF to be able to analyze the model. I would really appreciate any help!
I have attached the .mod file if anyone care to take a look.
The best regards,
Bastrup
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Third-order approximations and pruning
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Third-order approximations and pruning
by Basse » Tue Aug 13, 2013 9:11 pm
- Attachments
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NWSomegaN.mod- .mod file for a DSGE model with a net worth shock to the financial intermediaries
- (10.63 KiB) Downloaded 153 times
- Basse
- Posts: 4
- Joined: Tue Jul 16, 2013 2:02 pm
Re: Third-order approximations and pruning
by Basse » Wed Aug 14, 2013 1:09 pm
Please let me know, if further information is needed before any answer can be provided!
I have checked that all shocks do have a variance, but I actually do not know where to see the result of the covariance matrix.
Any help will truly be appreciated.
/Basse
I have checked that all shocks do have a variance, but I actually do not know where to see the result of the covariance matrix.
Any help will truly be appreciated.
/Basse
- Basse
- Posts: 4
- Joined: Tue Jul 16, 2013 2:02 pm
2 posts
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