hello all I was trying to do shock decomposition and I followed the case of example1_calib_shock_decomp.mod, but I get the following error Error using print_info (line 42) Blanchard Kahn conditions are not satisfied: no stable equilibrium Error in DsgeSmoother (line 108) print_info(info,options…

See [image] Issue with the Kalman filter Estimation You need to set the diffuse_filter option of calib_smoother because the model has a unit root.

Shock decomposition error

jpfeifer December 19, 2023, 11:58am 2

See