Hi, my dynare file are facing a problem about “Blanchard Kahn conditions are not satisfied: indeterminacy due to rank failure”. The result is:
***There are 9 eigenvalue(s) larger than 1 in modulus ***
for 9 forward-looking variable(s)
The rank condition ISN’T verified!
Blanchard Kahn conditions are not satisfied: indeterminacy due to rank failure
Could anybody help me about this question? Thanks a lot!!
myfile2.mod (4.9 KB)
myfile2_steadystate.m (2.3 KB)