Dear Mr Feifer,
I ran the following program, dynare made an error. I’d like to know where the mistake was and how I can modify the question. Looking forward to your reply
The attachment is broken.
mymodel.mod (1.8 KB)
Thank you very much. I uploaded it again
Hi chenxin,
your model has a singularity problem. Add these lines to your code and Dynare tells you everything you need.
resid(1);
steady(solve_algo=1,maxit=100000);
model_diagnostics;
Thank you for answering my questions, but according to your instructions, I did not change anything after I did it, or there was the same mistake as before. Where did I do it incorrectly.
This is where I add the code
Here is the error in matlab
With
I get the model to run. The mentioned singularity comes from a bunch of unit roots.
How can I solve this problem？
You need to find out whether the unit roots are a feature of the model or a problem.