I’m trying to run a model slightly different from the original one of Gerali(2010), the mod file is attached below
benchmark_model_1.mod (13.2 KB)
. However I confronted the problem “Blanchard & Kahn conditions are not satisfied: indeterminacy”. After checking the Taylor rule parameters and the timing of the model, I don’t know what else I can do.
Please help me if you have some insights.