Hi,
I'm trying to run a deterministic simulation of an OLG model.
Blanchard-Khan conditions are verified but I get the following message from Dynare :
"variable Dif period 1
1- err = 0.35502
err_f = 0.51026
Time of this iteration : 0.266
variable gr period 2
2- err = 0.033397
err_f = 0.079035
Time of this iteration : 0.235
variable gr period 2
3- err = 0.00076967
err_f = 0.0046939
Time of this iteration : 0.235
variable gr period 2
4- err = 2.5182e-006
err_f = 1.4305e-005
Time of this iteration : 0.235
Total time of simulation : 1.062
Convergence achieved."
What does it means?
In particular:
why does Dynare report the name of some variables?
what is err_f and why do I get "convergence achieved" and not "convergency obtained"?
is there something wrong with the convergence of the model?
Thank you very much,
Best,
Alessandro