Starting Dynare (version 4.5.7).
Starting preprocessing of the model file ...
Substitution of exo lags: added 7 auxiliary variables and equations.
Found 111 equation(s).
Evaluating expressions...done
Computing static model derivatives:
- order 1
Computing dynamic model derivatives:
- order 1
Processing outputs ...
done
Preprocessing completed.
Residuals of the static equations:
Equation number 1 : 0
Equation number 2 : 0
Equation number 3 : 0
Equation number 4 : 0
Equation number 5 : 0
Equation number 6 : 0
Equation number 7 : 0
Equation number 8 : 0
Equation number 9 : 0
Equation number 10 : 0
Equation number 11 : 0
Equation number 12 : 0
Equation number 13 : 0
Equation number 14 : 0
Equation number 15 : 0
Equation number 16 : 0
Equation number 17 : 0
Equation number 18 : 0
Equation number 19 : 0
Equation number 20 : 0
Equation number 21 : 0
Equation number 22 : 0
Equation number 23 : 0
Equation number 24 : 0
Equation number 25 : 0
Equation number 26 : 0
Equation number 27 : 0
Equation number 28 : 0
Equation number 29 : 0
Equation number 30 : 0
Equation number 31 : 0
Equation number 32 : 0
Equation number 33 : 0
Equation number 34 : 0
Equation number 35 : 0
Equation number 36 : 0
Equation number 37 : 0
Equation number 38 : 0
Equation number 39 : 0
Equation number 40 : 0
Equation number 41 : 0
Equation number 42 : 0
Equation number 43 : 0
Equation number 44 : 0
Equation number 45 : 0
Equation number 46 : 0
Equation number 47 : 0
Equation number 48 : 0
Equation number 49 : 0
Equation number 50 : 0
Equation number 51 : 0
Equation number 52 : 0
Equation number 53 : 0
Equation number 54 : 0
Equation number 55 : 0
Equation number 56 : 0
Equation number 57 : 0
Equation number 58 : 0
Equation number 59 : 0
Equation number 60 : 0
Equation number 61 : 0
Equation number 62 : 0
Equation number 63 : 0
Equation number 64 : 0
Equation number 65 : 0
Equation number 66 : 0
Equation number 67 : 0
Equation number 68 : 0
Equation number 69 : 0
Equation number 70 : 0
Equation number 71 : 0
Equation number 72 : 0
Equation number 73 : 0
Equation number 74 : 0
Equation number 75 : 0
Equation number 76 : 0
Equation number 77 : 0
Equation number 78 : 0
Equation number 79 : 0
Equation number 80 : 0.72841
Equation number 81 : 0
Equation number 82 : 0
Equation number 83 : -5.696
Equation number 84 : -5.696
Equation number 85 : 0
Equation number 86 : 0
Equation number 87 : 0
Equation number 88 : 0
Equation number 89 : 0
Equation number 90 : 0
Equation number 91 : 0
Equation number 92 : 0
Equation number 93 : 0
Equation number 94 : 0
Equation number 95 : 0
Equation number 96 : 0
Equation number 97 : 0
Equation number 98 : 0
Equation number 99 : 0
Equation number 100 : 0
Equation number 101 : 0
Equation number 102 : 0
Equation number 103 : 0
Equation number 104 : 0
STEADY-STATE RESULTS:
dEMPL_ea 0.09784
STIEONIA_ea 5.69601
dYED_ea 0.8241
dYER_ea 0.319
PDY_ea 1.029
PDYalt_ea -0.728414
bgovmv 0
dPCRYED_ea 0.319
dITPRYED_ea 0.319
dWYED_ea 0.199774
dGGRYED_ea 0.319
TINC 0
SCRW 0
SCEW 0
DTXY 0
dTHHYED 0.319
dMALYED 0.319
TINC2 22.25
DTXY2 11.83
ms_1 0
OIS_1 5.69601
OISINST_1 5.69601
EMPL_dev_ea 0
ewma 0
epinfma 0
mc 0
zcap 0
rk 0
k 0
pk 0
c 0
xi 0
inve 0
y 0
zcapf 0
rkf 0
kf 0
kpf 0
pkf 0
cf 0
xif 0
invef 0
yf 0
labf 0
wf 0
rrf 0
ggf 0
ttf 0
taucf 0
tauwff 0
taunf 0
tauwhf 0
taukf 0
gamma 0
gammaw 0
lab 0
pinf 0
pinf_annual 0
w 0
wh 0
r 0
r_annual 0
a 0
b 0
g 0
qs 0
ms 0
spinf 0
sw 0
kp 0
outputgap 0
gg 0
tauc 0
tauwh 0
tauwf 0
taun 0
tauk 0
t 0
tt 0
pdy 0
bgov 0
bgovtarget 0
SGP_shock 0
SGP 0
rbgov 0
rbgovn 0
pbgov 0
nprof 0
rbgovf 0
rbgovnf 0
pbgovf 0
bgovf 0
bgovtargetf 0
tf 0
pdyf 0
nproff 0
TFP 0
YL 0
CL 0
INVEL 0
WL 0
KL 0
KPL 0
GDP 0
EIGENVALUES:
Modulus Real Imaginary
0 0 0
0 -0 0
2.643e-20 -2.643e-20 0
5.177e-20 5.177e-20 0
6.033e-20 -6.033e-20 0
1.768e-18 -1.768e-18 0
3.168e-18 -3.168e-18 0
3.643e-18 3.643e-18 0
4.641e-18 -4.641e-18 0
1.386e-17 1.386e-17 0
1.679e-17 -1.679e-17 0
3.639e-17 3.639e-17 0
4.064e-17 -4.064e-17 0
9.534e-17 -9.534e-17 0
2.065e-16 2.065e-16 0
3e-16 -3e-16 0
3.833e-16 3.833e-16 0
0.1626 0.1626 0
0.172 0.172 0
0.4363 0.4363 0
0.5834 0.5834 0
0.6396 0.6396 0
0.6396 0.6396 0
0.6604 0.6604 0
0.748 0.748 0
0.748 0.748 0
0.7542 0.7542 0
0.8176 0.8176 0
0.8621 0.8598 0.0634
0.8621 0.8598 -0.0634
0.9 0.9 0
0.9 0.9 0
0.9 0.9 0
0.9 0.9 0
0.9 0.9 0
0.9 0.9 0
0.9078 0.9078 0
0.9078 0.9078 0
0.9097 0.9084 0.04854
0.9097 0.9084 -0.04854
0.9171 0.9154 0.05549
0.9171 0.9154 -0.05549
0.9199 0.9199 0
0.9314 0.9313 0.01079
0.9314 0.9313 -0.01079
0.9316 0.9315 0.01409
0.9316 0.9315 -0.01409
0.9451 0.9451 0
0.9537 0.9537 0
0.9731 0.9728 0.02022
0.9731 0.9728 -0.02022
0.9773 0.9771 0.0198
0.9773 0.9771 -0.0198
0.978 0.978 0
0.978 0.978 0
0.9785 0.9785 0
0.999 0.999 0
0.9999 0.9999 0
1.051 1.05 0.02335
1.051 1.05 -0.02335
1.063 1.063 0
1.097 1.097 0
1.102 1.102 0
1.114 1.114 0
1.166 1.162 0.0898
1.166 1.162 -0.0898
1.174 1.162 0.1729
1.174 1.162 -0.1729
1.176 1.176 0
1.354e+16 -1.354e+16 0
2.337e+16 -2.337e+16 0
5.437e+16 5.437e+16 0
2.631e+17 -2.631e+17 0
7.911e+17 7.911e+17 0
1.246e+18 1.246e+18 0
Inf -Inf 0
There are 18 eigenvalue(s) larger than 1 in modulus
for 18 forward-looking variable(s)
The rank condition is verified.
You did not declare endogenous variables after the estimation/calib_smoother command.
Initial value of the log posterior (or likelihood): -333.6385
First-order Norm of
Iter F-count f(x) Feasibility optimality step
0 56 3.336385e+02 0.000e+00 1.767e+01
Objective function returned Inf; trying a new point...
1 122 3.334743e+02 0.000e+00 5.773e+01 2.267e-02
2 181 3.334303e+02 0.000e+00 3.867e+01 3.186e-03
3 241 3.329556e+02 0.000e+00 2.410e+01 1.658e-02
4 298 3.329062e+02 0.000e+00 5.169e+01 5.305e-03
5 358 3.328301e+02 0.000e+00 4.678e+01 3.107e-02
6 417 3.328159e+02 0.000e+00 3.686e+01 3.396e-03
7 477 3.322738e+02 0.000e+00 8.833e+01 2.963e-02
8 535 3.322245e+02 0.000e+00 3.979e+01 8.413e-03
9 597 3.318497e+02 0.000e+00 2.290e+01 1.639e-02
10 655 3.318193e+02 0.000e+00 1.963e+01 4.238e-03
11 717 3.317699e+02 0.000e+00 1.969e+01 6.835e-03
12 774 3.317555e+02 0.000e+00 1.985e+01 2.069e-03
13 835 3.316556e+02 0.000e+00 2.432e+01 7.543e-03
14 892 3.316443e+02 0.000e+00 2.253e+01 5.711e-03
15 954 3.315312e+02 0.000e+00 2.322e+01 9.798e-03
16 1012 3.315208e+02 0.000e+00 2.218e+01 4.112e-03
17 1074 3.314496e+02 0.000e+00 2.325e+01 6.159e-03
18 1131 3.314320e+02 0.000e+00 2.224e+01 2.356e-03
19 1191 3.314087e+02 0.000e+00 4.752e+01 1.283e-02
20 1248 3.313886e+02 0.000e+00 4.494e+01 5.574e-03
21 1309 3.313584e+02 0.000e+00 3.735e+01 2.047e-02
22 1366 3.313041e+02 0.000e+00 1.877e+01 5.286e-03
23 1428 3.310924e+02 0.000e+00 1.799e+01 1.646e-02
24 1485 3.310749e+02 0.000e+00 1.686e+01 7.338e-03
25 1547 3.310545e+02 0.000e+00 1.400e+01 1.242e-02
26 1604 3.310358e+02 0.000e+00 1.355e+01 3.887e-03
27 1665 3.309890e+02 0.000e+00 1.143e+01 1.386e-02
28 1722 3.309711e+02 0.000e+00 1.141e+01 6.352e-03
29 1784 3.309412e+02 0.000e+00 1.161e+01 1.159e-02
30 1841 3.309404e+02 0.000e+00 8.861e+00 9.304e-03
First-order Norm of
Iter F-count f(x) Feasibility optimality step
31 1903 3.309078e+02 0.000e+00 1.023e+01 1.575e-02
32 1961 3.309012e+02 0.000e+00 8.061e+00 5.886e-03
33 2023 3.308798e+02 0.000e+00 6.800e+00 8.641e-03
34 2080 3.308737e+02 0.000e+00 2.013e+01 2.669e-03
Objective function returned Inf; trying a new point...
35 2142 3.308672e+02 0.000e+00 4.582e+00 8.214e-03
36 2199 3.308640e+02 0.000e+00 7.220e+00 1.209e-03
37 2260 3.308616e+02 0.000e+00 5.680e+00 9.302e-03
38 2317 3.308594e+02 0.000e+00 4.490e+00 8.479e-04
39 2378 3.308522e+02 0.000e+00 3.863e+00 7.565e-03
40 2435 3.308494e+02 0.000e+00 4.663e+00 1.685e-03
41 2498 3.308428e+02 0.000e+00 1.735e+00 6.367e-03
42 2555 3.308423e+02 0.000e+00 2.658e+00 7.779e-04
43 2617 3.308404e+02 0.000e+00 3.620e+00 5.081e-03
44 2674 3.308396e+02 0.000e+00 2.943e+00 7.508e-04
45 2736 3.308373e+02 0.000e+00 1.700e+00 3.479e-03
46 2793 3.308371e+02 0.000e+00 1.586e+00 3.233e-04
47 2853 3.308343e+02 0.000e+00 5.207e+00 2.139e-02
48 2910 3.308339e+02 0.000e+00 6.120e+00 3.331e-03
49 2974 3.308326e+02 0.000e+00 1.363e+00 3.031e-03
50 3031 3.308323e+02 0.000e+00 1.379e+00 6.112e-04
51 3094 3.308314e+02 0.000e+00 6.570e-01 2.047e-03
52 3151 3.308313e+02 0.000e+00 1.213e+00 6.594e-04
53 3213 3.308312e+02 0.000e+00 9.621e-01 2.043e-03
Objective function returned Inf; trying a new point...
54 3270 3.308312e+02 0.000e+00 9.556e-01 1.705e-04
55 3331 3.308310e+02 0.000e+00 3.524e-01 1.812e-03
56 3388 3.308309e+02 0.000e+00 3.596e-01 3.030e-04
Objective function returned Inf; trying a new point...
57 3451 3.308307e+02 0.000e+00 3.893e-01 1.028e-03
58 3508 3.308307e+02 0.000e+00 2.114e-01 2.707e-04
59 3570 3.308307e+02 0.000e+00 4.127e-01 9.486e-04
60 3627 3.308306e+02 0.000e+00 3.989e-01 1.171e-04
First-order Norm of
Iter F-count f(x) Feasibility optimality step
61 3689 3.308306e+02 0.000e+00 2.659e-01 7.195e-04
62 3746 3.308306e+02 0.000e+00 2.950e-01 1.219e-04
63 3808 3.308305e+02 0.000e+00 2.356e-01 7.659e-04
64 3865 3.308305e+02 0.000e+00 2.666e-01 6.979e-05
65 3927 3.308305e+02 0.000e+00 7.246e-02 1.028e-03
66 3996 3.308304e+02 0.000e+00 8.516e-02 6.223e-04
67 4053 3.308304e+02 0.000e+00 1.120e-01 1.751e-04
68 4115 3.308304e+02 0.000e+00 3.312e-01 4.158e-04
69 4172 3.308304e+02 0.000e+00 3.193e-01 1.645e-04
70 4234 3.308304e+02 0.000e+00 4.313e-01 4.234e-04
71 4291 3.308304e+02 0.000e+00 4.811e-01 8.961e-05
72 4353 3.308304e+02 0.000e+00 1.656e-01 3.949e-04
73 4410 3.308304e+02 0.000e+00 1.580e-01 7.385e-05
74 4471 3.308303e+02 0.000e+00 3.595e-01 7.535e-04
75 4528 3.308303e+02 0.000e+00 3.614e-01 9.196e-05
76 4589 3.308303e+02 0.000e+00 3.936e-01 8.747e-04
77 4646 3.308303e+02 0.000e+00 3.319e-01 2.313e-04
78 4709 3.308303e+02 0.000e+00 7.192e-02 6.427e-04
79 4766 3.308303e+02 0.000e+00 6.202e-02 6.548e-05
80 4828 3.308303e+02 0.000e+00 3.605e-01 5.654e-04
81 4885 3.308303e+02 0.000e+00 3.716e-01 2.302e-05
82 4946 3.308303e+02 0.000e+00 1.247e-01 4.802e-04
83 5003 3.308303e+02 0.000e+00 1.205e-01 5.017e-05
84 5065 3.308303e+02 0.000e+00 7.300e-02 6.334e-04
85 5122 3.308303e+02 0.000e+00 6.940e-02 1.653e-05
86 5184 3.308303e+02 0.000e+00 3.194e-01 6.194e-04
87 5241 3.308303e+02 0.000e+00 3.124e-01 1.619e-05
88 5303 3.308303e+02 0.000e+00 6.934e-02 5.292e-04
89 5360 3.308303e+02 0.000e+00 6.202e-02 3.770e-05
90 5422 3.308303e+02 0.000e+00 3.455e-02 2.898e-04
First-order Norm of
Iter F-count f(x) Feasibility optimality step
91 5487 3.308303e+02 0.000e+00 9.534e-02 2.880e-04
92 5546 3.308303e+02 0.000e+00 1.291e-01 6.541e-05
93 5606 3.308303e+02 0.000e+00 4.314e-02 3.761e-04
94 5664 3.308303e+02 0.000e+00 4.230e-02 1.046e-04
95 5725 3.308302e+02 0.000e+00 1.701e-02 1.638e-04
96 5782 3.308302e+02 0.000e+00 1.597e-02 4.289e-05
97 5844 3.308302e+02 0.000e+00 1.364e-02 2.274e-04
98 5903 3.308302e+02 0.000e+00 1.148e-02 2.804e-05
99 5963 3.308302e+02 0.000e+00 4.026e-02 2.952e-04
100 6020 3.308302e+02 0.000e+00 5.155e-02 3.981e-05
101 6081 3.308302e+02 0.000e+00 6.911e-02 1.967e-04
102 6138 3.308302e+02 0.000e+00 3.394e-02 8.189e-05
103 6197 3.308302e+02 0.000e+00 1.953e-02 1.456e-04
104 6261 3.308302e+02 0.000e+00 1.224e-02 1.335e-04
105 6318 3.308302e+02 0.000e+00 1.303e-02 1.266e-05
106 6376 3.308302e+02 0.000e+00 2.142e-02 1.253e-04
107 6433 3.308302e+02 0.000e+00 1.130e-02 1.277e-04
108 6490 3.308302e+02 0.000e+00 1.513e-02 3.907e-05
109 6548 3.308302e+02 0.000e+00 1.353e-02 5.083e-05
110 6606 3.308302e+02 0.000e+00 9.944e-03 3.940e-05
111 6664 3.308302e+02 0.000e+00 1.144e-02 4.869e-05
112 6726 3.308302e+02 0.000e+00 5.026e-03 3.625e-05
113 6782 3.308302e+02 0.000e+00 3.437e-02 1.660e-04
114 6838 3.308302e+02 0.000e+00 7.447e-03 1.392e-04
115 6895 3.308302e+02 0.000e+00 5.532e-03 1.393e-04
116 6952 3.308302e+02 0.000e+00 4.933e-03 2.021e-05
117 7011 3.308302e+02 0.000e+00 5.713e-03 2.026e-05
118 7069 3.308302e+02 0.000e+00 5.389e-03 1.853e-05
119 7127 3.308302e+02 0.000e+00 3.278e-03 1.213e-05
120 7186 3.308302e+02 0.000e+00 3.283e-03 1.021e-05
First-order Norm of
Iter F-count f(x) Feasibility optimality step
121 7244 3.308302e+02 0.000e+00 4.966e-03 1.543e-05
122 7301 3.308302e+02 0.000e+00 4.286e-03 1.154e-05
123 7359 3.308302e+02 0.000e+00 4.403e-03 7.457e-06
124 7418 3.308302e+02 0.000e+00 5.632e-03 6.457e-06
125 7476 3.308302e+02 0.000e+00 4.736e-03 6.054e-06
126 7534 3.308302e+02 0.000e+00 3.626e-03 7.204e-06
127 7592 3.308302e+02 0.000e+00 4.970e-03 1.439e-05
128 7648 3.308302e+02 0.000e+00 4.807e-03 1.057e-05
129 7705 3.308302e+02 0.000e+00 5.121e-03 1.453e-05
130 7762 3.308302e+02 0.000e+00 5.838e-03 1.276e-05
131 7819 3.308302e+02 0.000e+00 4.287e-03 1.073e-05
132 7877 3.308302e+02 0.000e+00 7.521e-03 1.922e-05
133 7936 3.308302e+02 0.000e+00 8.699e-03 6.004e-06
134 7996 3.308302e+02 0.000e+00 3.304e-03 1.164e-05
135 8053 3.308302e+02 0.000e+00 4.034e-03 1.041e-05
136 8109 3.308302e+02 0.000e+00 4.316e-03 1.053e-05
137 8167 3.308302e+02 0.000e+00 4.979e-03 4.695e-06
138 8225 3.308302e+02 0.000e+00 6.216e-03 6.227e-06
139 8283 3.308302e+02 0.000e+00 5.350e-03 8.023e-06
140 8341 3.308302e+02 0.000e+00 4.123e-03 7.849e-06
141 8400 3.308302e+02 0.000e+00 4.135e-03 2.193e-06
Local minimum possible. Constraints satisfied.
fmincon stopped because the size of the current step is less than
the selected value of the step size tolerance and constraints are
satisfied to within the default value of the constraint tolerance.
<stopping criteria details>
Final value of minus the log posterior (or likelihood):330.830211
POSTERIOR KERNEL OPTIMIZATION PROBLEM!
(minus) the hessian matrix at the "mode" is not positive definite!
=> posterior variance of the estimated parameters are not positive.
You should try to change the initial values of the parameters using
the estimated_params_init block, or use another optimization routine.
[Warning: The results below are most likely wrong!]
[> In dynare_estimation_1 (line 316)
In dynare_estimation (line 105)
In Exe_OISEONIAnewNDM2_theta096 (line 1361)
In dynare (line 235)]
RESULTS FROM POSTERIOR ESTIMATION
parameters
prior mean mode s.d. prior pstdev
crhoa 0.500 0.9550 0.0109 beta 0.2000
crhob 0.500 0.9347 0.0180 beta 0.2000
crhog 0.500 0.9788 0.0087 beta 0.2000
crhoqs 0.500 0.1643 0.0762 beta 0.2000
crhoms 0.500 0.4332 0.0641 beta 0.2000
crhopinf 0.500 0.8230 0.1316 beta 0.2000
crhow 0.500 0.9518 0.0227 beta 0.2000
cmap 0.500 0.0973 0.0712 beta 0.2000
cmaw 0.500 0.0312 0.0203 beta 0.2000
crhott 0.500 0.9780 0.0112 beta 0.2000
crhot 0.500 0.9343 0.0000 beta 0.2000
crhotauc 0.500 0.9281 0.0257 beta 0.2000
crhotaun 0.500 0.9097 0.0266 beta 0.2000
crhotauwh 0.500 0.7479 0.0608 beta 0.2000
crhotauwf 0.500 0.6395 0.0748 beta 0.2000
phitt 0.500 0.6914 0.0283 beta 0.2000
phit 0.500 0.7858 0.0580 beta 0.2000
phitauc 0.500 0.2397 0.0333 beta 0.2000
phitaun 0.500 0.0772 0.0473 beta 0.2000
phitauwh 0.500 0.1836 0.0590 beta 0.2000
phitauwf 0.500 0.8456 0.0596 beta 0.2000
cthetabgovt 0.000 0.0260 0.0000 norm 0.2000
cthetabgovtauc 0.000 0.0148 0.0039 norm 0.2000
csadjcost 4.000 4.9026 0.7411 norm 1.5000
csigma 1.500 0.7388 0.0869 norm 0.3750
chabb 0.700 0.7518 0.0389 beta 0.1000
cprobw 0.500 0.8429 0.0302 beta 0.1000
csigl 2.000 1.8197 0.2473 norm 0.2500
cprobp 0.500 0.6267 0.0549 beta 0.1000
cindw 0.500 0.2518 0.1041 beta 0.1500
cindp 0.500 0.1757 0.0757 beta 0.1500
czcap 0.500 0.7021 0.0960 beta 0.1500
cfc 1.250 1.6211 0.0864 norm 0.1250
crpi 1.500 1.4720 0.2068 norm 0.2500
crr 0.750 0.8947 0.0196 beta 0.1000
cry 0.125 0.1489 0.0365 norm 0.0500
crdy 0.125 0.1250 0.0246 norm 0.0800
ctrendw 0.188 0.2018 0.0145 norm 0.0200
constelab 0.000 0.0966 0.0114 norm 2.0000
cgy 0.500 0.2848 0.0661 norm 0.2500
calvoempl 0.500 0.7542 0.0212 beta 0.2000
csigmaK 1.000 1.3693 0.1826 norm 0.3750
standard deviation of shocks
prior mean mode s.d. prior pstdev
ea 0.100 0.3540 0.0313 invg 2.0000
eb 0.100 0.3359 0.0599 invg 2.0000
eg 0.100 0.2602 0.0152 invg 2.0000
eqs 0.100 0.6583 0.0548 invg 2.0000
em 0.100 0.1009 0.0070 invg 2.0000
epinf 0.100 0.1449 0.0134 invg 2.0000
ew 0.100 0.2100 0.0184 invg 2.0000
ett 0.100 0.5849 0.0419 invg 2.0000
et 0.100 0.4606 0.0445 invg 2.0000
etauc 0.100 0.1536 0.0113 invg 2.0000
etaun 0.100 0.5430 0.0447 invg 2.0000
etauwh 0.100 0.2086 0.0197 invg 2.0000
etauwf 0.100 0.1598 0.0150 invg 2.0000
Log data density [Laplace approximation] is -472.580021.
EIGENVALUES:
Modulus Real Imaginary
0 0 0
0 -0 0
9.294e-20 -9.294e-20 0
5.975e-19 5.975e-19 0
1.1e-18 -1.1e-18 0
2.002e-18 2.002e-18 0
2.251e-18 2.251e-18 0
2.607e-18 -2.607e-18 0
6.361e-18 6.361e-18 0
2.384e-17 -2.384e-17 0
2.926e-17 2.926e-17 0
4.505e-17 4.505e-17 0
4.692e-17 -4.692e-17 0
7.545e-17 7.545e-17 0
7.704e-17 7.704e-17 0
1.315e-16 -1.315e-16 0
2.283e-16 -2.283e-16 0
0.1643 0.1643 0
0.1754 0.1754 0
0.4332 0.4332 0
0.584 0.584 0
0.6395 0.6395 0
0.6395 0.6395 0
0.6613 0.6613 0
0.7479 0.7479 0
0.7479 0.7479 0
0.7542 0.7542 0
0.823 0.823 0
0.866 0.8638 0.0626
0.866 0.8638 -0.0626
0.9 0.9 0
0.9 0.9 0
0.9 0.9 0
0.9 0.9 0
0.9 0.9 0
0.9 0.9 0
0.9097 0.9097 0
0.9097 0.9097 0
0.91 0.9087 0.04823
0.91 0.9087 -0.04823
0.9179 0.9163 0.05442
0.9179 0.9163 -0.05442
0.9287 0.9287 0
0.9287 0.9287 0
0.9347 0.9347 0
0.9518 0.9518 0
0.955 0.955 0
0.9567 0.9567 0
0.9588 0.9588 0
0.9635 0.9633 0.02174
0.9635 0.9633 -0.02174
0.9685 0.9683 0.01643
0.9685 0.9683 -0.01643
0.978 0.978 0
0.978 0.978 0
0.9788 0.9788 0
0.999 0.999 0
0.9999 0.9999 0
1.051 1.05 0.02242
1.051 1.05 -0.02242
1.063 1.063 0
1.097 1.097 0
1.102 1.102 0
1.111 1.111 0
1.165 1.161 0.08907
1.165 1.161 -0.08907
1.172 1.172 0
1.173 1.16 0.171
1.173 1.16 -0.171
5.215e+16 5.215e+16 0
1.035e+17 1.035e+17 0
1.92e+17 1.92e+17 0
2.964e+17 -2.964e+17 0
3.882e+17 -3.882e+17 0
9.334e+17 -9.334e+17 0
Inf -Inf 0
There are 18 eigenvalue(s) larger than 1 in modulus
for 18 forward-looking variable(s)
The rank condition is verified.
Total computing time : 0h09m49s
Note: warning(s) encountered in MATLAB/Octave code