Dear Professor Pfeifer,
I have ecountered a problem when running the dynare code.
My code runs well until I add a new variable Tax(TVV in the code) in the model. It displays that ‘’ The rank condition ISN’T verified! ‘’.
Normally this error means the timing issue, but it seems that this new variable Tax does not influence the timing of model. Why does this happen? Could you please give some advice?
The attachment is the code.Any reply will be appreciated. Thank you!