Dear all,

I also have the following report:

==== Identification analysis ====

Testing posterior mode

All parameters are identified in the model (rank of H).

WARNING !!!

The rank of J (moments) is deficient!

==== Identification analysis completed ====

0.6% of the prior support gives unique saddle-path solution.

59.5% of the prior support gives explosive dynamics.

0.7% of the prior support gives indeterminacy.

For 39.2% of the prior support dynare could not find a solution.

Smirnov statistics in driving unique solution

c2rhoomegacm2 d-stat = 0.642 p-value = 0.000

c2gamdpc d-stat = 0.582 p-value = 0.000

c2rhogy d-stat = 0.551 p-value = 0.000

c2rhozi d-stat = 0.539 p-value = 0.001

c2rhomuoc2 d-stat = 0.522 p-value = 0.001

Correlation analysis for unique Stable Saddle-Path

No correlation term with pvalue <1e-05 and |corr. coef.| >0 found for unique Stable Saddle-Path

Correlation analysis for NO unique Stable Saddle-Path

No correlation term with pvalue <1e-05 and |corr. coef.| >0 found for NO unique Stable Saddle-Path

Smirnov statistics in driving indeterminacy

c2rhomuoc2 d-stat = 0.542 p-value = 0.000

c2rhoomegacm2 d-stat = 0.520 p-value = 0.000

c2delta d-stat = 0.520 p-value = 0.000

c2rhogy d-stat = 0.512 p-value = 0.000

c2gamdpc d-stat = 0.491 p-value = 0.001

Correlation analysis for NO indeterminacy

No correlation term with pvalue <1e-05 and |corr. coef.| >0 found for NO indeterminacy

Correlation analysis for indeterminacy

No correlation term with pvalue <1e-05 and |corr. coef.| >0 found for indeterminacy

Smirnov statistics in driving instability

c2delta d-stat = 0.966 p-value = 0.000

Correlation analysis for NO explosive solution

No correlation term with pvalue <1e-05 and |corr. coef.| >0 found for NO explosive solution

Correlation analysis for explosive solution

No correlation term with pvalue <1e-05 and |corr. coef.| >0 found for explosive solution

Smirnov statistics in driving inability to find a solution

c2delta d-stat = 1.000 p-value = 0.000

Correlation analysis for NO inability to find a solution

No correlation term with pvalue <1e-05 and |corr. coef.| >0 found for NO inability to find a solution

Correlation analysis for inability to find a solution

No correlation term with pvalue <1e-05 and |corr. coef.| >0 found for inability to find a solution

Computing theoretical moments …

… done !

==== Identification analysis ====

Testing posterior mode

All parameters are identified in the model (rank of H).

WARNING !!!

The rank of J (moments) is deficient!

Monte Carlo Testing

Testing MC sample

All parameters are identified in the model (rank of H).

WARNING !!!

The rank of J (moments) is deficient for 9 out of 13 MC runs!

==== Identification analysis completed ====

Sample check OK 0

Total computing time : 4h02m34s

**Is the problem related with the steady state or from some kind of misspecification on the model code?**