# Timing issue in the model

Hi.

I am getting an error

There are 8 eigenvalue(s) larger than 1 in modulus
for 10 forward-looking variable(s)

The rank condition ISN’T verified!

Error using print_info (line 45)
Blanchard Kahn conditions are not satisfied: indeterminacy

It seems there is a timing issue. Although dynare lists out the eigenvalues greater than one, we cant determine the corresponding variables. Is there a trick to understand which forward looking variables it is pointing to.

Thanks
Steveslovakia.mod (7.5 KB)

Usually, the problem is a timing issue with the predetermined variables, i.e. the state variables that need at (-1) timing. Typical examples are capital, bonds, or equity stocks.

Thanks. When I run my model, dynare shows up the eigenvalues corresponding to 10 forward looking variables. The last eight of them are greater than one. Is there a way to find out where the problem is exactly? Also there are imaginary numbers in some rows. Are they indicative of something? Do they lead to wriggly impulse responses later on during simulation?

EIGENVALUES:
Modulus Real Imaginary

``````   1.349e-19       -1.349e-19                0
1.712e-18       -1.712e-18                0
5.007e-17        5.007e-17                0
8.436e-17        8.436e-17                0
2.669e-15       -2.669e-15                0
0.04186          0.04186                0
0.1123           0.1123                0
0.1531          0.05107           0.1443
0.1531          0.05107          -0.1443
0.5              0.5                0
0.8618           0.8611          0.03583
0.8618           0.8611         -0.03583
0.9              0.9                0
0.9              0.9                0
0.9              0.9                0
0.9              0.9                0
0.967            0.967                0
2.102            1.042            1.826
2.102            1.042           -1.826
4.125e+13        4.125e+13                0
7.141e+15       -7.141e+15                0
4.982e+16        4.982e+16                0
8.09e+16        -8.09e+16                0
1.822e+21       -1.822e+21                0
6.599e+22        6.599e+22                0
``````

There are 8 eigenvalue(s) larger than 1 in modulus
for 10 forward-looking variable(s)

The rank condition ISN’T verified!