Hi professor jpfeifer
I have a nonlinear model, when run the model diagnosis command, dynare said that there is a problem of singularity and colinearity in one equation (labor supply)!!! is it possilble to have colinearity in one equation?
Also, when i run the dynare sensitivity command. it said:
0.0% of the prior support gives unique saddle-path solution.
0.0% of the prior support gives explosive dynamics.
For 100.0% of the prior support dynare could not find a solution.
For 100.0% The steadystate routine thrown an exception (inconsistent deep parameters).
All parameter values in the specified ranges are not acceptable!
what is the problem? Would you please help me to solve it?