Starting Dynare (version 6.3). Calling Dynare with arguments: none Starting preprocessing of the model file ... Found 57 equation(s). Evaluating expressions... Computing static model derivatives (order 1). Normalizing the static model... Normalization failed with cutoff, trying symbolic normalization... Could not normalize the static model. Variable d_hf is not in the maximum cardinality matching. Computing dynamic model derivatives (order 1). Normalizing the dynamic model... Finding the optimal block decomposition of the dynamic model... 8 block(s) found: 7 recursive block(s) and 1 simultaneous block(s). the largest simultaneous block has 50 equation(s) and 43 feedback variable(s). Preprocessing completed. Preprocessing time: 0h00m00s. DYNARE_SOLVE (solve_algo=2|4): number of blocks = 15 MODEL_DIAGNOSTICS: The Jacobian of the static model is singular MODEL_DIAGNOSTICS: there is 52 collinear relationships between the variables and the equations Relation 1 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk n_b c k d L Relation 2 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk k EX y_i iv d L g Relation 3 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk n_b c k EX L_f y_i L_fd FDI iv d L g Relation 4 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_h c_b Rk k y_i iv Relation 5 Collinear variables: c_s n_s w R_dd pi pistar c_b Rk c k y_i iv Relation 6 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk k y_i iv d L Relation 7 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_h L_hd L_h c_b Rk k iv Relation 8 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk n_b c k EX L_f L_fd FDI iv d L g Relation 9 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_h c_b Rk k iv Relation 10 Collinear variables: c_s n_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk n_b c k EX L_f p_i y_i L_fd FDI iv d L g Relation 11 Collinear variables: c_s n_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk n_b c k EX L_f p_i y_i L_fd FDI iv d L pstar g Relation 12 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk r_ld k im EX L_f p_i y_i L_fd FDI FX_im FX_fdi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 13 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk r_ld k im EX L_f p_i y_i L_fd FDI FX_im FX_fdi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 14 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk r_ld k im EX L_f p_i y_i L_fd FDI ODI FX_im FX_fdi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 15 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk r_ld k im EX L_f p_i y_i L_fd FDI ODI FX_im FX_fdi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 16 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk r_ld k im EX L_f p_i y_i L_fd FDI ODI Rkstar FX_im FX_fdi FX_ex iv mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 17 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk r_ld im EX L_f p_i y_i L_fd FDI ODI Rkstar FX_im FX_fdi FX_ex iv mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 18 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk r_ld im EX L_f p_i y_i L_fd FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 19 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk r_ld c im EX L_f p_i y_i L_fd FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 20 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk r_ld c im EX L_f p_i y_i L_fd FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 21 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk r_ld im EX L_f p_i y_i L_fd FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 22 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk r_ld im EX L_f p_i y_i L_fd FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 23 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk p r_ld r_lf im EX L_f p_i y_i L_fd L_ff FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 24 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk p r_ld r_lf c im EX L_f p_i y_i L_fd L_ff FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 25 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk p r_ld r_lf im EX L_f p_i y_i L_fd L_ff FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 26 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk p r_ld r_lf im EX L_f p_i y_i L_fd L_ff FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 27 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk p n_b r_ld r_lf c im EX L_f p_i y_i L_fd L_ff FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 28 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk p r_ld r_lf im EX L_f p_i y_i L_fd L_ff FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 29 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk p r_ld r_lf im EX L_f p_i y_i L_fd L_ff FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 30 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf L_h c_b Rk p r_ld r_lf im EX L_f p_i y_i L_fd L_ff FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 31 Collinear variables: w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk p r_ld r_lf im EX L_f p_i y_i L_fd L_ff FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B pstar g kk Relation 32 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk p r_ld r_lf im L_f y_i L_fd L_ff FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv a mc d_rmb d L LD FX Rp GAMMA_B s pstar g kk Relation 33 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk p r_ld r_lf im EX L_f y_i L_fd L_ff FDI ODI Rkstar FX_im FX_fdi FX_odi iv a mc d_rmb d_usd d L LD FX Rp GAMMA_B s pstar g kk Relation 34 Collinear variables: w R_dd pi q p r_ld r_lf im L_f y_i L_fd L_ff FDI FX_im FX_fdi FX_odi iv a mc d_rmb d L LD FX Rp GAMMA_B s g kk Relation 35 Collinear variables: R_dd p r_ld r_lf im L_f L_ff FDI FX_im FX_fdi FX_odi iv FX Rp GAMMA_B s kk Relation 36 Collinear variables: R_dd p r_ld r_lf im L_f L_ff FDI FX_im FX_fdi FX_odi mc FX s kk Relation 37 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_h c_b Rk p r_ld r_lf im EX L_f y_i L_fd L_ff FDI ODI Rkstar FX_im FX_fdi FX_odi FX_ex iv mc d_rmb d_usd d L LD FX Rp LAMDA_fdi LAMDA_im LAMDA_ex GAMMA_B pstar g Relation 38 Collinear variables: p r_ld r_lf im L_f L_ff FDI FX_im FX_fdi FX_odi mc FX Rp Relation 39 Collinear variables: w R_dd pi q L_hd L_hf c_b Rk p r_ld r_lf im L_f L_ff FDI ODI Rkstar FX_im FX_ex iv mc d_rmb d_usd d L LD FX Rp LAMDA_fdi LAMDA_im LAMDA_ex GAMMA_B pstar Relation 40 Collinear variables: w R_dd q L_hd L_hf c_b Rk p r_ld r_lf im L_f L_fd L_ff FDI ODI Rkstar FX_im iv mc d_rmb d_usd d L LD Rp LAMDA_fdi LAMDA_odi LAMDA_im LAMDA_ex GAMMA_B Relation 41 Collinear variables: w R_dd pi q d_hf d_h L_hd L_hf L_h c_b Rk p r_ld r_lf im EX L_f L_fd L_ff FDI ODI Rkstar FX_im FX_ex iv mc d_rmb d_usd d L LD FX Rp LAMDA_fdi LAMDA_odi LAMDA_im LAMDA_ex GAMMA_B pstar Relation 42 Collinear variables: w R_dd q Rk p r_ld r_lf im L_f L_fd L_ff FDI ODI Rkstar FX_im iv mc d_usd d L LD Rp LAMDA_fdi LAMDA_odi LAMDA_im LAMDA_ex GAMMA_B Relation 43 Collinear variables: d_usd Relation 44 Collinear variables: w R_dd p r_ld r_lf im L_f y_i L_ff FDI FX_im iv d_usd LD Rp LAMDA_fdi LAMDA_odi LAMDA_im LAMDA_ex GAMMA_B Relation 45 Collinear variables: LAMDA_im LAMDA_ex Relation 46 Collinear variables: LAMDA_odi LAMDA_im LAMDA_ex Relation 47 Collinear variables: LAMDA_fdi LAMDA_odi LAMDA_im LAMDA_ex Relation 48 Collinear variables: LAMDA_fdi LAMDA_odi LAMDA_im LAMDA_ex Relation 49 Collinear variables: c_s n_s w R_dd pi pistar c_b Rk c k y_i iv Relation 50 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk n_b c k EX L_f y_i L_fd FDI iv d L g Relation 51 Collinear variables: c_s w R_dd pi pistar R_df q d_hd d_hf d_h L_hd L_hf L_h c_b Rk k EX y_i iv d L g Relation 52 Collinear variables: c_s c_b n_b c Relation 1 Collinear equations 2 4 7 8 9 10 12 13 14 15 40 Relation 2 Collinear equations 2 4 5 7 8 9 10 12 13 14 15 16 19 38 39 40 47 49 50 Relation 3 Collinear equations 2 4 5 7 8 9 10 11 12 19 38 39 40 47 49 Relation 4 Collinear equations 2 3 4 5 7 20 42 47 50 57 Relation 5 Collinear equations 2 3 4 5 7 20 47 50 57 Relation 6 Collinear equations 2 3 4 5 7 8 9 10 19 20 38 39 41 42 47 49 50 Relation 7 Collinear equations 2 3 4 5 7 8 9 10 12 13 14 15 19 38 39 40 42 47 49 Relation 8 Collinear equations 2 3 4 5 7 8 9 10 12 13 19 20 38 39 40 42 47 49 Relation 9 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 11 12 13 14 15 16 17 19 20 25 27 列 20 至 34 29 34 36 37 38 39 40 41 42 47 48 49 50 55 57 Relation 10 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 17 19 20 25 27 29 列 20 至 37 34 35 36 37 38 39 40 41 42 43 46 47 48 49 50 51 55 57 Relation 11 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 21 23 25 列 20 至 38 27 29 33 34 35 36 37 38 39 41 42 43 46 47 48 49 50 51 52 列 39 55 Relation 12 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 25 27 29 列 20 至 37 33 34 35 36 37 38 39 41 42 43 46 47 48 49 50 51 52 55 Relation 13 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 21 25 27 列 20 至 38 29 30 33 34 35 36 37 38 39 41 42 43 46 47 48 49 50 51 52 列 39 至 41 53 55 57 Relation 14 Collinear equations 列 1 至 19 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 21 23 25 27 列 20 至 38 29 30 31 33 34 35 36 37 38 39 41 42 43 46 47 48 49 50 51 列 39 至 42 52 53 55 57 Relation 15 Collinear equations 列 1 至 19 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 21 23 25 27 列 20 至 38 29 30 31 33 34 35 36 37 38 39 41 42 43 46 47 48 49 50 51 列 39 至 42 52 53 55 57 Relation 16 Collinear equations 列 1 至 19 2 3 4 7 8 9 10 12 13 14 15 16 17 18 19 21 23 25 27 列 20 至 38 29 30 33 34 35 36 37 38 39 41 42 43 46 47 48 49 50 51 52 列 39 至 41 53 55 57 Relation 17 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 21 23 25 列 20 至 38 27 29 30 33 35 36 37 38 39 41 42 43 46 47 48 49 50 51 52 列 39 至 40 53 55 Relation 18 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 21 22 23 列 20 至 38 25 27 29 30 33 35 36 37 38 39 41 42 43 46 47 48 49 50 51 列 39 至 41 52 53 55 Relation 19 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 21 22 23 列 20 至 38 24 25 27 29 30 33 35 36 37 38 39 41 42 43 46 47 48 49 50 列 39 至 42 51 52 53 55 Relation 20 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 21 22 23 列 20 至 38 24 25 27 29 30 33 35 36 37 38 39 41 42 43 46 47 48 49 50 列 39 至 42 51 52 53 55 Relation 21 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 21 22 23 列 20 至 38 24 25 27 28 29 30 33 35 36 37 38 39 41 42 43 46 47 48 49 列 39 至 43 50 51 52 53 55 Relation 22 Collinear equations 列 1 至 19 3 4 5 7 8 9 10 13 14 15 16 17 18 19 21 22 23 24 25 列 20 至 38 27 28 29 30 33 35 36 37 38 39 41 42 43 46 47 48 49 50 51 列 39 至 41 52 53 55 Relation 23 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 21 22 23 列 20 至 38 24 25 26 27 28 29 30 31 33 35 36 37 38 39 41 42 43 46 47 列 39 至 45 48 49 50 51 52 53 55 Relation 24 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 21 22 23 列 20 至 38 25 27 29 30 33 35 36 37 38 39 41 42 43 46 47 48 49 50 51 列 39 至 41 52 53 55 Relation 25 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 21 22 23 列 20 至 38 25 27 28 29 30 33 35 36 37 38 39 41 42 43 46 47 48 49 50 列 39 至 42 51 52 53 55 Relation 26 Collinear equations 列 1 至 19 3 4 10 15 17 18 19 21 23 25 27 29 30 33 35 36 37 38 39 列 20 至 32 41 42 43 46 47 48 49 50 51 52 53 54 55 Relation 27 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 21 22 23 列 20 至 38 24 25 26 27 28 29 30 31 33 35 36 37 38 39 41 42 43 46 47 列 39 至 46 48 49 50 51 52 53 54 55 Relation 28 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 17 18 19 21 22 23 列 20 至 38 24 25 26 27 28 29 30 31 33 35 36 37 38 39 41 42 43 46 47 列 39 至 46 48 49 50 51 52 53 54 55 Relation 29 Collinear equations 列 1 至 19 3 4 5 7 8 9 10 13 14 15 16 17 18 19 21 22 23 24 25 列 20 至 38 26 27 28 29 30 31 33 35 36 37 38 39 41 42 43 46 47 48 49 列 39 至 44 50 51 52 53 54 55 Relation 30 Collinear equations 列 1 至 19 4 10 17 18 19 21 22 23 25 27 29 30 33 35 36 37 38 39 41 列 20 至 31 42 43 46 47 48 49 50 51 52 53 54 55 Relation 31 Collinear equations 列 1 至 19 4 10 17 18 19 21 22 23 25 27 29 30 33 35 36 37 38 39 41 列 20 至 31 42 43 46 47 48 49 50 51 52 53 54 55 Relation 32 Collinear equations 列 1 至 19 17 18 19 21 23 24 25 26 27 28 29 30 31 33 35 36 38 39 41 列 20 至 28 42 43 46 50 51 52 53 54 56 Relation 33 Collinear equations 列 1 至 19 17 18 19 21 22 23 24 25 26 27 28 29 30 31 33 35 36 39 41 列 20 至 29 42 43 45 46 50 51 52 53 54 56 Relation 34 Collinear equations 列 1 至 19 17 18 19 21 22 23 24 25 26 28 29 30 31 33 35 36 37 39 41 列 20 至 28 43 45 46 48 50 51 54 55 56 Relation 35 Collinear equations 列 1 至 19 19 21 22 23 24 25 26 28 29 30 31 33 37 41 42 43 45 48 50 列 20 至 23 51 54 55 56 Relation 36 Collinear equations 列 1 至 19 19 21 22 23 24 25 26 28 29 30 31 33 37 41 45 48 50 51 54 列 20 至 21 55 56 Relation 37 Collinear equations 列 1 至 19 19 21 22 23 24 25 26 28 29 30 31 35 37 41 43 45 46 48 55 列 20 56 Relation 38 Collinear equations 列 1 至 19 19 21 22 23 24 25 26 28 29 30 31 35 37 41 43 44 45 46 48 列 20 55 Relation 39 Collinear equations 19 21 22 23 24 26 28 29 30 31 33 37 41 44 45 48 50 55 Relation 40 Collinear equations 19 22 24 26 28 29 30 31 33 37 44 45 48 50 55 Relation 41 Collinear equations 19 22 24 26 28 29 30 31 33 37 44 45 48 50 55 Relation 42 Collinear equations 19 22 24 26 28 29 30 31 33 37 44 45 48 50 55 Relation 43 Collinear equations 22 24 Relation 44 Collinear equations 19 22 24 26 28 29 30 31 33 37 44 45 48 50 55 Relation 45 Collinear equations 19 22 24 26 28 29 30 31 33 37 44 45 48 55 Relation 46 Collinear equations 24 26 44 45 Relation 47 Collinear equations 19 22 24 26 28 29 30 31 33 44 45 48 50 55 Relation 48 Collinear equations 2 3 4 5 7 8 9 10 19 20 38 42 47 49 50 Relation 49 Collinear equations 2 4 5 7 8 9 10 11 12 19 38 39 40 47 49 Relation 50 Collinear equations 列 1 至 19 2 3 4 5 7 8 9 10 12 13 14 15 16 19 20 38 39 40 42 列 20 至 22 47 49 50 Relation 51 Collinear equations 2 3 4 5 7 20 42 47 50 57 Relation 52 Collinear equations 11 12 DYNARE_SOLVE (solve_algo=2|4): number of blocks = 15 MODEL_DIAGNOSTICS: The presence of a singularity problem typically indicates that there is one MODEL_DIAGNOSTICS: redundant equation entered in the model block, while another non-redundant equation MODEL_DIAGNOSTICS: is missing. The problem often derives from Walras Law. STEADY-STATE RESULTS: c_s 5.42145e-11 n_s 2.22793e-16 w 243340 R_dd 0.0154754 pi 1 pistar 1 R_df 0.0144876 q 4.05046e-12 d_hd -2.70897e-11 d_hf -2.22935 d_h -3.61196e-11 L_hd -2.4386e-11 L_hf -0.66895 L_h -2.70956e-11 c_b -5.41862e-11 Rk 0.0402284 p 1 n_b -2.22697e-16 r_ld 0.0154124 r_lf 0.0154124 c 1.41256e-14 k 1.45049e-13 im 0.00135611 EX 5.74619e-15 L_f 5.83561e-15 p_i 8.32169e-07 y_i 1.4025e-08 L_fd 5.25205e-15 L_ff 0.000144073 FDI 0.00161833 ODI 6.4e-05 Rkstar 0.04 FX_im -3.79907e-15 FX_fdi -8.96566e-17 FX_odi 3.52552e-18 FX_ex 2.62446e-12 iv 3.62622e-15 y 2.5936e-14 a 1 n 4.79626e-20 mc 0.9 d_rmb -8.86644e-17 d_usd 2.189e-05 d -3.61196e-11 L -2.70897e-11 LD 0.75 FX 6.30859e-13 Rp 0.0154124 LAMDA_fdi 0.66 LAMDA_odi 0.66 LAMDA_im 0.31 LAMDA_ex 0.31 GAMMA_B 0.0151812 s 6.5 pstar 6.23148e-13 g 2.43799e-15 kk 1.45049e-13 EIGENVALUES: Modulus Real Imaginary 4.301e-21 -4.301e-21 0 2.747e-17 -2.747e-17 0 3.058e-16 -3.058e-16 0 1.159e-12 -1.159e-12 0 6.691e-09 6.691e-09 0 1.892e-08 1.892e-08 0 7.239e-08 7.239e-08 0 2.733e-07 -2.733e-07 0 1.217e-06 -1.217e-06 0 0.01159 -0.01159 0 0.1738 -0.1738 0 0.2537 0.2537 0 0.4507 0.4507 0 0.603 0.603 0 0.8 0.8 0 0.8 0.8 0 0.8 0.8 0 0.8198 0.8198 0 1.032 1.032 0 1.235 1.235 0 1.453 1.453 0 1.59 1.59 0 1.92 1.92 0 1.981 1.981 0 2.005 2.005 0 2.014 2.014 0 2.015 2.015 0 2.015 2.015 0 2.016 2.016 0 2.017 2.017 0 2.077 2.077 0 2.226 2.226 0 2.36 2.36 0 2.364 2.364 0 2.553 2.553 0 3.034 3.034 0 3.664 3.664 0 5.524 5.524 0 1.223e+06 1.223e+06 0 1.168e+09 1.168e+09 0 1.987e+10 1.987e+10 0 There are 23 eigenvalue(s) larger than 1 in modulus for 12 forward-looking variable(s) The rank condition ISN'T verified!