Hi there
I’m getting the in the title mentioned error warning when running my mod file below together with:
There are 13 eigenvalue(s) larger than 1 in modulus
for 12 forward-looking variable(s)
I’ve already read the forum questions with regards to that error. And I use model_diagnostics(M_,options_,oo_), then it shows
MODEL_DIAGNOSTICS: The Jacobian of the static model is singular
MODEL_DIAGNOSTICS: there is 1 colinear relationships between the variables and the equations
Colinear variables:
c
c1
bf
b
h
h1
I
kc
kh
lm
nc
nc1
nh
nh1
q
uc
uc1
wc
wc1
wh
wh1
Y
y
y_d
y_x
y_m
K_d
F_d
cm
Colinear equations
39 40 41
I don’t know how to solve this question, I’m just a freshman. Please help me!
my.mod (4.9 KB)
my_steadystate.m (3.4 KB)