# Problem replication Benes et.al. (Urgent!)

**URL:** <https://forum.dynare.org/t/problem-replication-benes-et-al-urgent/4989>\
**Category:** Dynare help (legacy posts)\
**Created:** [15 September 2015 19:41 UTC](https://forum.dynare.org/t/problem-replication-benes-et-al-urgent/4989 "2015-09-15T19:41:33Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![nicofernandezl](https://forum.dynare.org/letter_avatar_proxy/v4/letter/n/bb73d2/32.png) [@nicofernandezl](https://forum.dynare.org/u/nicofernandezl)\
**Post date:** [15 September 2015 19:41 UTC](https://forum.dynare.org/t/problem-replication-benes-et-al-urgent/4989/1 "2015-09-15T19:41:33Z")

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Dear friends,

I am having problems replicating Benes et. al. (2014) in Dynare for Matlab. Using the original calibration which is provided by the paper I have this problem “Blanchard Kahn conditions are not satisfied: no stable equilibrium”. When I lower the value of the parameter “Beta” to 0,00001 it starts running.

Can you please help me??!! It is really urgent!

Thank you!!  
[Benes\_Berg\_Portillo\_Vavra\_2014.pdf](https://forum.dynare.org/uploads/default/original/2X/3/339acb1d8a0ec11854688d254f545949076c67d0.pdf) (1.26 MB)  
[tpfinal.mod](https://forum.dynare.org/uploads/default/original/2X/2/25d78d609e40bc1dc246370431a2b709662e0d55.mod) (2.56 KB)

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**Author:** ![jpfeifer](https://forum.dynare.org/user_avatar/forum.dynare.org/jpfeifer/32/5044_2.png) [@jpfeifer](https://forum.dynare.org/u/jpfeifer)\
**Post date:** [15 September 2015 20:45 UTC](https://forum.dynare.org/t/problem-replication-benes-et-al-urgent/4989/2 "2015-09-15T20:45:04Z")

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This sounds like a timing mistake. Try identifying the predetermined stocks in that model and check whether you correctly entered them.