CEE model - The rank condition isn't verified

Hi everybody,

I have a not verified rank condition as there are 11 eigenvalues but only 10 FL variables. I’ve tried to check the timing of the different equations but I can’t seem to find a solution.

Any help would be appreciated.
Thanks in advance.

I think I solved: I’ve done my calculations again and I noticed an equation was wrong.

Hi, did you mean CEE2005? I am replicating this paper now, but I have met the same issue. And my derivations are the same as CEE’s. So, I wonder how you solve your problems, could you share it? thank you!