Redundant equation problem

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:
lambap
cp
Rp
rp
Rg
rg
pi
y
lp
w
cw
kw
bp
bg
tp
rk
iw
lambaw
mu
k
l
pm
i
c
rpn
muw
mup
m
tw
bgratio
mug
rgn
Colinear equations
    10

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.

Is it saying that my collinearity equation is the 10th equation here? I’m not quite sure how to interpret this information.

I’ve already generated the impulse response plot, but I’ve noticed that it looks a bit odd, with some jagged edges. It seems to descend below zero before rising above zero again and then descending once more.I’d like to inquire about the general reasons that could cause such a pattern in the plot.


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