Hi ,
I am getting an error message :
There are 4 eigenvalue(s) larger than 1 in modulus
for 4 forward-looking variable(s)
The rank condition ISN'T verified!
I don't know what the issue is. How can I fix this? Any suggestion will be very appreciate.
Many thanks.
Dynare forums
Forums for asking questions, posting comments and uploading examples related to Dynare
The rank condition ISN'T verified!
Forum rules
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.
3 posts
• Page 1 of 1
The rank condition ISN'T verified!
by Econ » Tue Feb 24, 2015 8:45 am
- Attachments
-
model11_steadystate.m- (2.27 KiB) Downloaded 55 times
-
- model11.mod
- (2.25 KiB) Downloaded 47 times
- Econ
- Posts: 16
- Joined: Thu Aug 21, 2014 4:57 am
Re: The rank condition ISN'T verified!
by jpfeifer » Tue Feb 24, 2015 9:21 am
Running model_diagnostics returns:
model_diagnostic: the Jacobian of the static model is singular
there is 1 colinear relationships between the variables and the equations
Colinear variables:
ci
cs
ki
ks
bi
bs
q
r
mu
w
rb
BETAi
BETAs
Colinear equations
3 5 10 12 13
The presence of a singularity problem typically indicates that there is one
redundant equation entered in the model block, while another non-redundant equation
is missing. The problem often derives from Walras Law.
- jpfeifer
- Posts: 6940
- Joined: Sun Feb 21, 2010 4:02 pm
- Location: Cologne, Germany
Re: The rank condition ISN'T verified!
by Econ » Wed Feb 25, 2015 6:24 pm
Thank you very much.
It works now....
It works now....
- Econ
- Posts: 16
- Joined: Thu Aug 21, 2014 4:57 am
3 posts
• Page 1 of 1
Who is online
Users browsing this forum: No registered users and 10 guests