Hi.
I'm currently a postgraduate student who has just begun to use dynare.
Currently, I'm trying to simulate a very simplified version of the Iaciovello 2005 housing model with collateral constraints.
So far, dynare has been able to calculate my steady state values but following that, I get an error message about 'indeterminacy'.
I was just wondering if anyone could explain how I could resolve this issue as I have been trying for 3 weeks now to no avail.
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Blanchard-Kahn Indeterminacy
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Blanchard-Kahn Indeterminacy
by meetautumn » Sat Apr 05, 2014 11:25 am
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Re: Blanchard-Kahn Indeterminacy
by jpfeifer » Sat Apr 05, 2014 5:57 pm
This seems to be a timing mistake. What are the predetermined variables in your model?
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