Dear professor jpfeifer:

When I run pass_through_two_two.mod file in dynare, there is a trouble I don’t know how to solve it. The

error information coming up with the following message:

There are 3 eigenvalue(s) larger than 1 in modulus

for 4 forward-looking variable(s)

The rank condition ISN’T verified!

STEADY-STATE RESULTS:

c 0

r 0

pi 0

n 0

w 0

m 0

y 0

a 0

g 0

mc 0

gama_H 0

pi_H 0

pi_F 0

psi_F 0

s 0

q 0

epsilon 0

pistar 0

dc 0

fr 0

gamastar_H 0

pistar_o 0

gamastar_o 0

o 0

gama_F 0

c_F 0

c_H 0

cstar_H 0

ystar 0

Error using print_info (line 45)

Blanchard Kahn conditions are not satisfied:

indeterminacy

Error in stoch_simul (line 98)

print_info(info, options_.noprint,

options_);

Error in pass_through_two_two (line 459)

info = stoch_simul(var_list_);

Error in dynare (line 180)

evalin(‘base’,fname) ;

please guide me