Dear professor,thank you very much for your detail reply, So nice are you.Your answer helped me a lot.I have solved the steady-state problem according to your guidance and advice, but now I have a new problem.
model6_13.mod (6.3 KB)
The running result of the code I adjusted is as follows:
for 8 forward-looking variable(s)
The rank condition ISN’T verified!
错误使用 print_info (line 32)
Blanchard & Kahn conditions are not satisfied: no stable equilibrium.
出错 stoch_simul (line 103)
print_info(info, options_.noprint, options_);
出错 model3.driver (line 742)
[info, oo_, options_, M_] = stoch_simul(M_, options_, oo_, var_list_);
出错 dynare (line 293)
evalin(‘base’,[fname ‘.driver’]) ;
This may be a question about DSGE theory and not easy to answer. I am looking forward to your recommendation of relevant books and papers.Thank you for your reply in spite of your busy schedule. Since I am a graduate student with superficial knowledge, the question I asked may be relatively low-level.I hope you don’t mind my trivial question.I will also try my best to browse the forums and relevant books to solve this problem.