Steady states about a1 and a2

Stochastic simulations
1

dear all:
there is my mod and something wrong with my codes.I couldn’t find the mistake.could anyone help me?Many thanks!!1

oceansink1.mod (12.5 KB)
Residuals of the static equations:

Equation number 1 : 0 : 1
Equation number 2 : 0 : 2
Equation number 3 : 0 : 3
Equation number 4 : 0 : 4
Equation number 5 : 0 : 5
Equation number 6 : 0 : 6
Equation number 7 : 0 : 7
Equation number 8 : 0 : 8
Equation number 9 : 0 : 9
Equation number 10 : 0 : 10
Equation number 11 : 0 : 11
Equation number 12 : 0 : 12
Equation number 13 : 0 : 13
Equation number 14 : 0 : 14
Equation number 15 : 0 : 15
Equation number 16 : 0 : 16
Equation number 17 : 0 : 17
Equation number 18 : 0 : 18
Equation number 19 : 0 : 19
Equation number 20 : 0 : 20
Equation number 21 : 0 : 21
Equation number 22 : 0 : 22
Equation number 23 : 0 : i
Equation number 24 : 0 : 24
Equation number 25 : 0 : 25
Equation number 26 : 0 : 26
Equation number 27 : 0 : 27
Equation number 28 : 0 : 28
Equation number 29 : 0 : 29
Equation number 30 : 0 : 30
Equation number 31 : 0 : 31
Equation number 32 : 0 : 32
Equation number 33 : 0 : 33
Equation number 34 : 0 : 34
Equation number 35 : 0 : 35
Equation number 36 : 0 : 36
Equation number 37 : 0 : 37
Equation number 38 : 0 : 38
Equation number 39 : 0 : 39
Equation number 40 : 0 : 40
Equation number 41 : 0 : 41
Equation number 42 : -0.50302 : A1
Equation number 43 : -0.11084 : A2
Equation number 44 : 0 : z
Equation number 45 : 0 : ep
Equation number 46 : 0 : pce
Equation number 47 : 0 : tax

2

Hi swade,

you also have to put A1 and A2 into exp() for their processes. That is why you should first make the model work without exp() and only then include it.
I get that the Blanchard-Kahn conditions are then not satisfied. Funnily enough, when doing only the exp() for A1 and not A2 it runs through. But you should investigate that.
Hope it helps!

3

many thanks,dear friend!I will check it!