I get the following the error message when I run my code:
"There are 14 eigenvalue(s) larger than 1 in modulus
for 12 forward-looking variable(s)
The rank condition ISN’T verified!
Error using print_info (line 42)
Blanchard Kahn conditions are not satisfied: no stable Equilibrium"
I have tried desperately to identify the mistake, but so far without success. Can someone help me? Thanks in advance.
US_DelNegro15_repVpaper.mod (7.35 KB)