Hello,
My dynare code is giving me this ofter occured error
Error using print_info (line 45)
Blanchard Kahn conditions are not satisfied: indeterminacy
Error in print_info (line 45)
error([‘Blanchard Kahn conditions are not satisfied:’ …
Error in initial_estimation_checks (line 69)
print_info(info, DynareOptions.noprint, DynareOptions)
Error in dynare_estimation_1 (line 179)
oo_ = initial_estimation_checks(objective_function,xparam1,dataset_,M_,estim_params_,options_,bayestopt_,oo_);
Error in dynare_estimation (line 89)
dynare_estimation_1(var_list,dname);
Error in model1 (line 707)
dynare_estimation(var_list_);
Error in dynare (line 180)
evalin(‘base’,fname) ;
I am trying to modify priors, but nothing really helps and I dont want to go very far from the original model. Does anyone can suggest me way how to solve this?model1.mod (12.4 KB)