I’m new using Dynare. I’m working in a calibrated DSGE model.
I have the next message error:
Error using print_info (line 48)
Blanchard Kahn conditions are not satisfied: indeterminacy due to rank failure
Error in stoch_simul (line 98)
print_info(info, options_.noprint, options_);
Error in Tesis_MaestriaL1v4 (line 1345)
info = stoch_simul(var_list_);
Error in dynare (line 180)
I understand that we can’t have more eingenvalues larger than 1 in modulus than forward looking variables. The point is that in the log I have the same amount of eigenvalues larger than 1 in modulus than forrward looking variables.
This is the log message:
There are 15 eigenvalue(s) larger than 1 in modulus
for 15 forward-looking variable(s)
The rank condition ISN’T verified!
Why the rank condition is not satisfied if we have the same amount of eigenvalues larger than 1 in modulus than forward looking variables?
I attached the mod file.
Thanks for your time and help, kind regards. Lautaro
Tesis_MaestriaL1v4.mod (22.1 KB)