Dear professor jpfeifer,
I’m running the attached .mod file but I meet the following error:
“Blanchard & Kahn conditions are not satisfied: indeterminacy.”
how I can resolve that?
Warm regards
Matteo
dsgeWPML.mod (1.9 KB)
Dear professor jpfeifer,
I’m running the attached .mod file but I meet the following error:
“Blanchard & Kahn conditions are not satisfied: indeterminacy.”
how I can resolve that?
Warm regards
Matteo
dsgeWPML.mod (1.9 KB)
Often it’s a timing or parameter problem. Does the standard model without fiscal rules work?