Dear professors:
I am so sorry to bother you. when I run the Dynare, I get the following message:
There are 12 eigenvalue(s) larger than 1 in modulus
for 12 forward-looking variable(s)
The rank condition ISN’T verified!
Error using print_info (line 32)
Blanchard & Kahn conditions are not satisfied: indeterminacy due to rank failure.
Error in stoch_simul (line 107)
print_info(info, options_.noprint, options_);
Error in resilience.driver (line 754)
[info, oo_, options_, M_] = stoch_simul(M_, options_, oo_, var_list_);
Error in dynare (line 293)
evalin(‘base’,[fname ‘.driver’]) ;
model_diagnostics(M_,options_,oo_)
MODEL_DIAGNOSTICS: No obvious problems with this mod-file were detected.
I have no idea about it and check the code many times. So could you please tell me how to deal with it?
Best wishes!
Kidd
all.mat (2.2 KB)
resiliencet.mod (8.8 KB)