Question about financial accelerator in soe

Dynare contributions and examples
1

The model is Based on BGG(1999) and Gertler (2007) External Constraints on Monetary Policy and the Financial Accelerator.but there is something wrong with dynare code I wrote,as follow:
Error using print_info (line 36)
The generalized Schur (QZ) decomposition failed. For more information, see the documentation
for Lapack function dgges: info=23, n=23

Error in check (line 76)
print_info(info, options.noprint);

Error in test3 (line 312)
oo_.dr.eigval = check(M_,options_,oo_);

Error in dynare (line 120)
evalin(‘base’,fname) ;

the model and the dynare code i wrote attached.
will you so kind to give me some advises. thank you in advance.
test.mod (3.98 KB)
Financial accelerator in soe.pdf (236 KB)

2

Run model_diagnostics to see

[quote]model_diagnostic: the Jacobian of the static model is singular
there is 2 colinear relationships between the variables and the equations
Relation 1
Colinear variables:
p
p_h
p_f
e
pf
Relation 2
Colinear variables:
p
p_h
p_f
e
pf
Relation 1
Colinear equations
3 4 5 6 7 8 9 14 15 16 17 18 19 22

Relation 2
Colinear equations
3 4 5 6 7 8 9 14 15 16 17 18 19 22

The presence of a singularity problem typically indicates that there is one
redundant equation entered in the model block, while another non-redundant equation
is missing. The problem often derives from Walras Law.
[/quote]

3

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4

[quote=“lipetty”]The model is Based on BGG(1999) and Gertler (2007) External Constraints on Monetary Policy and the Financial Accelerator.but there is something wrong with dynare code I wrote,as follow:
Error using print_info (line 36)
The generalized Schur (QZ) decomposition failed. For more information, see the documentation
for Lapack function dgges: info=23, n=23

Error in check (line 76)
print_info(info, options.noprint);

Error in test3 (line 312)
oo_.dr.eigval = check(M_,options_,oo_);

Error in dynare (line 120)
evalin(‘base’,fname) ;

the model and the dynare code i wrote attached.
will you so kind to give me some advises. thank you in advance.[/quote]

Excuse me, do you still have this .mod ? Now I am reading this paper, I want to running this mod on my computer, could you provide me with this .mod please? Thank you very much!