My model can work when calibrated parameters. But model can’t word when adapt bayesian estimation.
Its error is below:
I don’t know why it is.
Below is the code of my model, could someone help me? Thank you so so so much. est_data.m
Are you sure that your model works properly? When I check the IRF’s of hujitudimod3.mod most of the variables take around 2000 - 3000 periods to converge back to steady state. That seems quite strange to me.
The output also tells you that All endogenous are constant or non stationary. This comes from a unit root in your model, which you can see that one eigenvalue is exactly 1. I would suggest to you to first make your model work before attempting to do any form of estimation.
Thank you so so so so much. I revise it. But I met new problem now. My model is no steady state.