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check

check; Command

Computes the eigenvalues of the model linearized around the values specified by the last initval, endval or steady statement. Generally, the eigenvalues are only meaningfull if the linearization is done around a steady state of the model. It is a device for local analysis in the neighborhood of this steady state.

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.