My process can not work. it shows:
Starting preprocessing of the model file …
Found 31 equation(s).
Evaluating expressions…done
Computing static model derivatives (order 1).
Computing dynamic model derivatives (order 2).
Processing outputs …
done
Preprocessing completed.
STEADY-STATE RESULTS:
F 0
R_F 0
Y_T 0
Y_N 0
P_O 0
Y_O 0
L_T 0
K_T 0
K_G 0
W 0
R_T 0
L_N 0
K_N 0
R_N 0
K_P 0
I_P 0
C 0
L 0
D_P 0
R_W 0
T 0
T_O 0
T_NO 0
T_L 0
G 0
phi 0
D_G 0
OPB 0
PR 0
Y 0
R_K 0
EIGENVALUES:
Modulus Real Imaginary
6.591e-18 -6.591e-18 0
2.215e-12 2.215e-12 0
0.0003503 0.0003503 0
0.912 0.912 0
0.93 0.93 0
0.97 0.97 0
0.9791 0.9791 0
0.989 0.989 0
1 1 0
1.014 1.014 0
1.015 1.015 0
There are 3 eigenvalue(s) larger than 1 in modulus
for 5 forward-looking variable(s)
The rank condition ISN’T verified!
警告: stoch_simul: using order = 1 because Hessian is equal to zero
In stoch_simul (line 60)
In optimalx11.driver (line 626)
In dynare (line 281)
错误使用 print_info (line 32)
Blanchard & Kahn conditions are not satisfied: indeterminacy.
出错 stoch_simul (line 120)
print_info(info, options_.noprint, options_);
出错 optimalx11.driver (line 626)
[info, oo_, options_, M_] = stoch_simul(M_, options_, oo_, var_list_);
出错 dynare (line 281)
evalin(‘base’,[fname ‘.driver’]);
optimalx14.mod (3.8 KB)