Starting Dynare (version 5.2). Calling Dynare with arguments: none Starting preprocessing of the model file ... Found 72 equation(s). Evaluating expressions...done Computing static model derivatives (order 1). Computing dynamic model derivatives (order 2). Processing outputs ... done Preprocessing completed. STEADY-STATE RESULTS: a_be 0 a_bh 0 a_j 0 a_k 0 a_me 0 a_mh 0 a_p 0 a_z 0 acdb 0 acdh 0 acke 0 ackh 0 acloeb 0 acloee 0 aclosb 0 acloss 0 cb 0.0141104 ce 0.0769968 ch 0.263171 cs 0.105619 ctot 0.459898 d 2.21374 data_CC 0 data_II 0 data_LO 0 data_LLE 0 data_LLH 0 data_LOE 0 data_LOH 0 data_NN 0 data_QQ 0 data_TFP 0 data_YY 0 dke 0.035 dkh 0.035 e_a_be 0 e_a_bh 0 he 0.255315 hh 0.656567 hs 0.0881189 itot 0.156159 ke 1.74622 kh 2.71545 ktot 4.46167 lambdab 0.0614161 lambdae 0.124033 lambdas 0.141332 lambdas2 1.07803e-07 loe 2.14576 los 0.31395 nh 0.300323 ns 0.341513 ntot 0.313197 q 4.0083 re 1.01254 rh 1.00756 rk 0.0573003 rm 0.0425567 rs 1.01254 rv 0.0228146 spread_long 0.0199238 spread_re_rh 0.0199238 spread_rs_rh 0.0199238 ucb 70.8699 uce 12.9875 uch 3.79981 ucs 9.46798 wh 0.752266 ws 0.320794 y 0.616056 zke 1 zkh 1 EIGENVALUES: Modulus Real Imaginary 0 0 0 2.389e-15 -2.389e-15 0 3.979e-15 -3.979e-15 0 1.585e-10 1.585e-10 0 1.585e-10 -1.585e-10 0 0.01793 -0.01793 0 0.2338 0.2338 0 0.4341 0.4341 0 0.4435 0.4435 0 0.4593 0.4593 0 0.5268 0.5268 0 0.563 0.563 0 0.8403 0.8403 0 0.8473 0.8463 0.03971 0.8473 0.8463 -0.03971 0.8728 0.8728 0 0.9076 0.9076 0 0.9308 0.9308 0 0.9683 0.9683 0 0.9692 0.9692 0 0.9742 0.9742 0 0.9906 0.9906 0 0.9915 0.9915 0 0.9922 0.9922 0 0.9951 0.9951 0 1.01 1.01 0 1.048 1.048 0 1.07 1.07 0 1.143 1.143 0 1.168 1.168 0 1.286 1.254 0.2848 1.286 1.254 -0.2848 1.328 1.328 0 6.9 -6.9 0 17.1 -17.1 0 89.12 89.12 0 1.957e+12 -1.957e+12 0 6.338e+16 6.338e+16 0 1.304e+17 -1.304e+17 0 6.848e+17 -6.848e+17 0 2.32e+18 -2.32e+18 0 2.868e+18 2.868e+18 0 3.333e+18 -3.333e+18 0 4.125e+18 -4.125e+18 0 2.397e+28 2.397e+28 0 8.376e+28 -8.376e+28 0 1.068e+31 -1.068e+31 0 4.181e+32 4.181e+32 0 Inf Inf 0 Inf Inf 0 Inf Inf 0 Inf Inf 0 Inf Inf 0 Inf Inf 0 Inf Inf 0 There are 30 eigenvalue(s) larger than 1 in modulus for 30 forward-looking variable(s) The rank condition is verified. Residuals of the static equations: Equation number 1 : 0 : 1 Equation number 2 : 0 : 2 Equation number 3 : 0 : 3 Equation number 4 : 0 : 4 Equation number 5 : 0 : 5 Equation number 6 : 0 : 6 Equation number 7 : 0 : borrowing_constraint Equation number 8 : 0 : lambdas2 Equation number 9 : 0 : 9 Equation number 10 : 0 : 10 Equation number 11 : 0 : 11 Equation number 12 : 0 : 12 Equation number 13 : 0 : 13 Equation number 14 : 0 : 14 Equation number 15 : 0 : 15 Equation number 16 : 0 : 16 Equation number 17 : 0 : 17 Equation number 18 : 0 : y Equation number 19 : 0 : loe Equation number 20 : 0 : 20 Equation number 21 : 0 : 21 Equation number 22 : 0 : 22 Equation number 23 : 0 : 23 Equation number 24 : 0 : 24 Equation number 25 : 0 : 25 Equation number 26 : 0 : 26 Equation number 27 : 0 : 27 Equation number 28 : 0 : 28 Equation number 29 : 0 : dke Equation number 30 : 0 : dkh Equation number 31 : 0 : rk Equation number 32 : 0 : rm Equation number 33 : 0 : ktot Equation number 34 : 0 : ntot Equation number 35 : 0 : ctot Equation number 36 : 0 : itot Equation number 37 : 0 : spread_re_rh Equation number 38 : 0 : spread_rs_rh Equation number 39 : 0 : spread_long Equation number 40 : 0 : a_be Equation number 41 : 0 : a_bh Equation number 42 : 0 : a_j Equation number 43 : 0 : a_k Equation number 44 : 0 : a_me Equation number 45 : 0 : a_mh Equation number 46 : 0 : a_p Equation number 47 : 0 : a_z Equation number 48 : 0 : e_a_be Equation number 49 : 0 : e_a_bh Equation number 50 : 0 : acdb Equation number 51 : 0 : acdh Equation number 52 : 0 : acke Equation number 53 : 0 : ackh Equation number 54 : 0 : acloeb Equation number 55 : 0 : aclosb Equation number 56 : 0 : acloee Equation number 57 : 0 : acloss Equation number 58 : 0 : data_TFP Equation number 59 : 0 : data_YY Equation number 60 : 0 : data_CC Equation number 61 : 0 : data_II Equation number 62 : 0 : data_LO Equation number 63 : 0 : data_LOE Equation number 64 : 0 : data_LOH Equation number 65 : 0 : data_QQ Equation number 66 : 0 : data_LLE Equation number 67 : 0 : data_LLH Equation number 68 : 0 : data_NN Equation number 69 : 0 : ucb Equation number 70 : 0 : uce Equation number 71 : 0 : uch Equation number 72 : 0 : ucs Total computing time : 0h00m01s