Starting Dynare (version 5.5). Calling Dynare with arguments: none Starting preprocessing of the model file ... Found 23 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: c 0.711592 l 0.333333 lb 0.333333 lg 0.333333 wg 0.863898 wb 1.13355 isg 0.00250627 sg 0 kg 5.90975 kb 7.44424 itg 0.141834 itb 0.186106 qg 1 qb 1 yg 0.4298 yb 0.563957 ag 0.499252 ab 0.607039 lambdaa 1 m 581 z 0.253781 f 0 g 0.0332909 EIGENVALUES: Modulus Real Imaginary 7.279e-17 7.279e-17 0 0.95 0.95 0 0.95 0.95 0 0.95 0.95 0 0.962 0.962 0 1.002 1.002 0 1.01 1.009 0.04549 1.01 1.009 -0.04549 1.063 1.063 0 6.144e+15 -6.144e+15 0 There are 5 eigenvalue(s) larger than 1 in modulus for 1 forward-looking variable(s) The rank condition ISN'T verified! MODEL_DIAGNOSTICS: The Jacobian of the static model is singular MODEL_DIAGNOSTICS: there is 2 colinear relationships between the variables and the equations Relation 1 Colinear variables: c l lb lg wg wb kg kb itg itb yg yb ag ab lambdaa m z g Relation 2 Colinear variables: c l lb lg wg wb kg kb itg itb yg yb ag ab lambdaa m z g Relation 1 Colinear equations 12 Relation 2 Colinear equations 23 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. Total computing time : 0h00m00s