Hello Dr.Feifer, I am running an NK model of household heterogeneity in which I also introduce human capital as ha, hb, and H in the mod file, where ha and hb are the human capital of two different households. And H is the sum of ha and hb. I refer to the setting of physical capital Ka (Ka(+1)=(1…

I solved this problem and ran the steady state, but also got the error “Blanchard & Kahn conditions are not satisfied: no stable equilibrium.” when doing Bayesian estimation bayesian.mod (8.5 KB)

My data is here model_data.mat (2.9 KB)

See [image] Bayesian estimation syntax error ML/Bayesian estimation If your model has a unit root, you need to set diffuse_filter in estimation.

And professor, does this have anything to do with the non-zero residuals of Equation 12 in my model, and how do I solve the problem that the residuals of Equation 12 are not zero?

The equation wb+qb-Cb-xi_bar*xi=gamma*cbxi_bar*Nbs-ebs*cbxi_bar*(eb-Ob); seems to be incorrectly linearized, because gamma*cbxi_bar*Nbs is a constant.

Dear Professor, I was debugging the code and once again I got the error “One of the eigenvalues is close to 0/0 (the absolute value of numerator and denominator is smaller than 0.0000!”). You told me before that there is a problem with timing, but I’m not sure what principles I need to follow to de…

And professor, my equation shows the existence of covariance in the vendor sector, and my vendor sector is a relatively standard producer of final and intermediate goods. Why is there a covariance here? Here I changed the manufacturer’s sector to the standard one and it still shows “One of the eigen…

For now, focus on the timing issue. It is most probably related to the sectoral structure. See [image] Timing of capital in two sector economy Stochastic simulations Hello all, I am building a two-sectoral model, and I have a question about the timing of sectoral-capital …

Dear Professor I made an impulse response plot with the information you gave me, but I still get an error when doing Bayesian estimation. bayesian.mod (8.5 KB)

What is the problem you are experiencing? And why is your pi_obs still trending?

Error in the generalized Schur (QZ) decomposition failed

Steady state

jpfeifer 7 March 2023 15:04 15

For now, focus on the timing issue. It is most probably related to the sectoral structure. See