No matter the values I put for phi_y,phi_pi, the Blanchard-Khan condition is not satisfied
Is there something i’m doing wrong?
Here’s my model for reference, would love some help.
fixed.mod (3.3 KB)
No matter the values I put for phi_y,phi_pi, the Blanchard-Khan condition is not satisfied
Here’s my model for reference, would love some help.
fixed.mod (3.3 KB)
You must have uploaded the wrong file. It contains may mistakes that prevent it from running.
Sorry, Professor, here’s the correct one
taylor.mod (3.2 KB)
You are missing two unstable roots. There is most likely still a fundamental problem with model setup.