It is a little far fetched, but I think that Dynare should estimate such a model, even if the parameters are obviously not identified.
After the current changes to the preprocessor are finished, we need to correct stochastic_solver.m for making it possible.
Best
Michel
Johannes Pfeifer jpfeifer@gmx.de writes:
Dear all,
in the forum the attached model was posted. I features no endogenous dynamics and it totally degenerate. This leads to a crash in set_state_space.m. Considering the goal of getting rid of set_state_space I think we can ignore the issue for 4.3. But when moving those computations to the preprocessor, I would suggest to add checks that prevent such crashes.
Regards,
Johannes
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