I’m having trouble in estimation of a small open economy model. I think the problem is with the forecast command, because the error occurs right after the print of the point/mean forecast graphs.
model_diagnostics command indicates that there is no problem with the model, and i had run the code twice with fewer iterations with no problems (except the fact that there was convergence issues). More specifically, i’ve used the load_mh_file for the third time in order to achieve convergence in a total of 4600000 MH draws per chain (4 chains), and then this error appeared, just when the MH seems to have converged.
I’ll attach the mod file (w/ mh_mode + data file ) but i dont think it is feasible to reproduce what i’ve done to get the error, so i hope that anyone can help without executing the mod file.
Error using print_info (line 32)
Blanchard & Kahn conditions are not satisfied: no stable equilibrium.
Error in DsgeSmoother (line 108)
Error in dynare_estimation_1 (line 558)
Error in dynare_estimation (line 105)
Error in WT.driver (line 665)
Error in dynare (line 294)
evalin(‘base’,[fname ‘.driver’]) ;