Dear all:

I tried to add the imperfect competition labor market in the model, but there’s the following mistakes. I have no idear how to handle it.

Thank you all for potential suggestions !

??? Error using ==> print_info at 40

Blanchard Kahn conditions are not satisfied: no stable equilibrium

Error in ==> stoch_simul at 81

print_info(info, options_.noprint);

Error in ==> liying2 at 709

info = stoch_simul(var_list_);

Error in ==> dynare at 120

evalin(‘base’,fname) ;

qiuzhu.mod (8.71 KB)

model_diagnostics says:

[quote]MODEL_DIAGNOSTICS: The following endogenous variables aren’t present at the current period in the model:

omega_c

omega_i

MODEL_DIAGNOSTICS: The Jacobian of the static model is singular

MODEL_DIAGNOSTICS: there is 1 colinear relationships between the variables and the equations

Colinear variables:

ex

bf

Colinear equations

Columns 1 through 28

```
1 2 14 16 21 22 23 24 26 27 28 29 30 31 32 33 34 35 36 37 38 39 41 43 44 46 47 48
```

Columns 29 through 32

```
49 50 51 54
```

MODEL_DIAGNOSTICS: The presence of a singularity problem typically indicates that there is one

MODEL_DIAGNOSTICS: redundant equation entered in the model block, while another non-redundant equation

MODEL_DIAGNOSTICS: is missing. The problem often derives from Walras Law.[/quote]