Hi everyone,
currently, I am working on my research. I have constructed a model, calibrated it and computed steady states according the calibrated values. I ran code, steady-states are computed to zeros (which is perfectly fine), however, Blanchard-Kahn conditions are violated stating that there is no stable equilibrium.
I do not know, what should I do. Can this problem be fixed somehow?
Thank you for helping me,
Jan
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Steady-states 0, Blanchard-Kahn conditions violated
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Steady-states 0, Blanchard-Kahn conditions violated
by Jan » Tue Mar 15, 2016 12:45 pm
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Re: Steady-states 0, Blanchard-Kahn conditions violated
by jpfeifer » Wed Mar 16, 2016 8:50 am
Search the forum. The most common reason is a timing problem.
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