Node:check, Next:simul, Previous:steady, Up:Computations and simulations
check; | Command |
Computes the eigenvalues of the model linearized around the values specified by the last A necessary condition for the uniqueness of a stable equilibrium in the neighborhood of the steady state is that there are as many eigenvalues larger than one in modulus as there are forward looking variables in the system. An additional rank condition requires that the square submatrix of the right Schur vectors corresponding to the forward looking variables (jumpers) and to the explosive eigenvalues must have full rank.
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