Hi,
I come across the message “RANK Condition not being satisfied” after running my dynare file with the command “check”. I have two related questions.
- I note that even when “RANK Condition not being satisfied”, dynare still is able to compute the irfs and the theoretical moments under the command “stoch_simul”. I could not understand how this could happen. And are those results reliable?
- Is there an indicator that suggests whether the RANK Condition is being satisfied, and where does it store.
I am looking forward to your replies. Thank you.