evankoet wrote:My question is whether this is related to my data, or whether this error message has something to do with the programming itself.
evankoet wrote: Is there also a way to figure out where "Location 6693, Line 301 of loop/block" is, so that I can see what is wrong?
I am trying to run the code of the paper by Fratzscher, Juvenal and Sarno called "Asset prices, exchange rates and the current account". It estimates a 7-variable VAR and then runs a Monte Carlo simulation by taking orthogonal decompositions and using sign restrictions. However, the simulation does not run and I keep on getting the following error message:
## FO9. Simultaneous block is singular. Check your equations.
The Error Occurred At Location 6693, Line 301 of loop/block
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