QEeffective2.mod (5.0 KB) the_effectiveness_of_QE.m (2.0 KB) Thank you very much, I corrected my grammar error, I am very happy that dynare has finally preprocessed. But I have encountered a new problem, the error is as follows，I would be grateful if you could tell me the reason for the error and how can I correct it. I hope to get your reply, thank u again!

Configuring Dynare …

[mex] Generalized QZ.

[mex] Sylvester equation solution.

[mex] Kronecker products.

[mex] Sparse kronecker products.

[mex] Local state space iteration (second order).

[mex] Bytecode evaluation.

[mex] k-order perturbation solver.

[mex] k-order solution simulation.

[mex] Quasi Monte-Carlo sequence (Sobol).

[mex] Markov Switching SBVAR.

Using 64-bit preprocessor

Starting Dynare (version 4.5.7).

Starting preprocessing of the model file …

Found 32 equation(s).

Evaluating expressions…done

Computing static model derivatives:

- order 1

Computing dynamic model derivatives:
- order 1

Processing outputs …

done

Preprocessing completed.

Residuals of the static equations:

Equation number 1 : 0

Equation number 2 : 0

Equation number 3 : 0

Equation number 4 : 0

Equation number 5 : 0

Equation number 6 : 0

Equation number 7 : 0

Equation number 8 : 0

Equation number 9 : 0

Equation number 10 : 0

Equation number 11 : 0

Equation number 12 : 0

Equation number 13 : 0

Equation number 14 : 0

Equation number 15 : 0

Equation number 16 : 0

Equation number 17 : 0

Equation number 18 : 0

Equation number 19 : 0

Equation number 20 : 0

Equation number 21 : 0

Equation number 22 : 0

Equation number 23 : 0

Equation number 24 : 0

Equation number 25 : 0

Equation number 26 : 0

Equation number 27 : 0

Equation number 28 : 0

Equation number 29 : 0

Equation number 30 : 0

Equation number 31 : 0

Equation number 32 : 0

STEADY-STATE RESULTS:

phi 1.60944

rho 0.0825013

nuk -7.72641

omega 0.072451

rk -4.55531

rd -4.59512

rb -4.57502

qk 0

spk 5.89742

qb -1.61554

spb 6.17754

n 4.41155

k 6.00278

i 2.3139

Lam -4.38925

y 3.1757

l -1.06492

w 3.32433

c 2.19463

Tau 1.80261

Rd 0.0150379

b 6.40068

sgk 3.7002

sgb 4.79124

phik -2.30259

phib -1.60944

pi -5.29832

ksi 0

g 1.56626

z 0

V 0

X 0

EIGENVALUES:

Modulus Real Imaginary

```
3.996e-13 3.996e-13 0
1.33e-12 1.33e-12 0
5.971e-10 5.971e-10 0
0.008744 -0.008744 0
0.6383 0.6383 0
0.9 0.9 0
0.9 0.9 0
0.9 0.9 0
0.9 0.9 0
0.9 0.9 0
0.9867 0.9867 0
0.992 0.992 0
1.026 1.026 0
1.029 1.029 0
1.052 1.052 0
1.583 1.583 0
24.14 -24.14 0
61.1 61.1 0
5.271e+14 -5.271e+14 0
1.255e+16 -1.255e+16 0
4.886e+16 -4.886e+16 0
1.383e+33 1.383e+33 0
7.521e+33 7.521e+33 0
1.637e+34 1.637e+34 0
```

There are 12 eigenvalue(s) larger than 1 in modulus

for 15 forward-looking variable(s)

The rank condition ISN’T verified!

错误使用 print_info (line 45)

Blanchard Kahn conditions are not satisfied: indeterminacy

出错 stoch_simul (line 100)

print_info(info, options_.noprint, options_);

出错 QEeffective2 (line 512)

info = stoch_simul(var_list_);

出错 dynare (line 235)

evalin(‘base’,fname) ;

出错 the_effectiveness_of_QE (line 85)