diff --git a/matlab/default_option_values.m b/matlab/default_option_values.m
index cf0ccfa01..4a775b1bb 100644
--- a/matlab/default_option_values.m
+++ b/matlab/default_option_values.m
@@ -156,7 +156,6 @@ end
% IRFs & other stoch_simul output
options_.irf = 40;
options_.impulse_responses.plot_threshold=1e-10;
-options_.zero_moments_tolerance=1e-10;
options_.relative_irf = false;
options_.ar = 5;
options_.hp_filter = 0;
diff --git a/matlab/disp_moments.m b/matlab/disp_moments.m
index b9759cd51..7cc3dad8a 100644
--- a/matlab/disp_moments.m
+++ b/matlab/disp_moments.m
@@ -28,6 +28,7 @@ function oo_=disp_moments(y,var_list,M_,options_,oo_)
% You should have received a copy of the GNU General Public License
% along with Dynare. If not, see .
+zero_moments_tolerance=1e-10;
warning_old_state = warning;
warning off
@@ -68,7 +69,7 @@ if ~all(M_.H==0)
y_ME_only_filtered=get_filtered_time_series(y_ME_only,mean(y_ME_only),options_);
s2_ME = mean(y_ME.*y_ME);
s_ME = sqrt(s2_ME);
- zero_variance_ME_var_index=index_subset(abs(s_ME')