I’m an undergraduate student in Korea, and I have problem with running dynare.
Here is my mod file about DSGE model,
asset.mod (2.7 KB)
There are errors “stoch_simul: using order = 1 because Hessian is equal to zero”
and “The generalized Schur (QZ) decomposition failed.”
I don’t even fully understand what this error means.
Is there any misunderstanding about my models?
Your help would be appreciated a lot.
Thanks in advance.