Hi everyone.
I meet a problem. I cannot obtain result with a two country model with housing (added by me).
I think the question is in the fomulars 1 which are in line 196.
I try three types of equations to contribute the relationship between L_h and L_e (household’s purchase of housing and firm’s purchase of housing)
Only the type L_h=L_e can get the result, but I don’t know how to explain this equation.
The equation L_h+L_e=1 is what i want, but the dynare tell me:
Error using print_info (line 32)
Blanchard & Kahn conditions are not satisfied:
indeterminacy.
Error stoch_simul (line 107)
print_info(info, options_.noprint, options_);
Error no4002.driver (line 602)
[info, oo_, options_, M_] = stoch_simul(M_, options_,
oo_, var_list_);
Error dynare (line 293)
evalin(‘base’,[fname ‘.driver’]) ;
What should I do to elimate the Bk condition problem?
Thanks for any advice!
By the way, those part in the code with “【】” are added by me, the rest part are orginal code of my key paper.
Here is my code:
no4002.mod (10.9 KB)
Here is the orginal code:
no305.mod (6.9 KB)
My key paper is from Working Papers | Dynare .I hope there is nothing wrong in the orginal code, I think so but I am not sure.