Hi!
I hope somebody can help me with this problem, please.
When I run the file (attached), appears the next error:
"There are 8 eigenvalue(s) larger than 1 in modulus
for 7 forward-looking variable(s)
The rank condition ISN'T verified!
Error using print_info (line 42)
Blanchard Kahn conditions are not satisfied: no stable equilibrium"
But, when I fix the line 26 with "q2(-1) = beta*(C(-1)/C)*(R2+(1-delta)*q2);", the file runs normally.
Somebody know if that change is right?
Thank u so much;
Camilo.
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Blanchard Kahn conditions
by camtorre » Fri Jan 27, 2017 1:43 pm
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CT_v1.mod- Problem with Blanchard Kahn conditions
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Re: Blanchard Kahn conditions
by jpfeifer » Mon Jan 30, 2017 9:37 am
No, that timing is completely wrong. Your problem may be related to the two-sector setup. See http://www.dynare.org/phpBB3/viewtopic.php?f=1&t=3564
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