diff --git a/matlab/model_diagnostics.m b/matlab/model_diagnostics.m index 8336767ef..778c33688 100644 --- a/matlab/model_diagnostics.m +++ b/matlab/model_diagnostics.m @@ -45,13 +45,13 @@ if options.ramsey_policy orig_endo_aux_nbr = M.orig_endo_nbr + min(find([M.aux_vars.type] == 6)) - 1; implied_inst_nbr = orig_endo_aux_nbr - M.orig_eq_nbr; if inst_nbr>implied_inst_nbr - error('You have specified more instruments than there are omitted equations') + warning('You have specified more steady state instruments than there are omitted equations. While there are use cases for this setup, it is rather unusual. Check whether this is desired.') elseif inst_nbr