Thanks for the fast reply!
I’ve changed the name of the mex directory (mex123) and executed fs2000. Here’s the output:
dynare fs2000
Warning: Name is nonexistent or not a directory: /Applications/Dynare/4.5.4/matlab/…/mex/matlab
In path at 110
In addpath at 87
In dynare_config at 140
In dynare at 63
Configuring Dynare …
[m] Generalized QZ.
[m] Sylvester equation solution.
[m] Kronecker products.
[m] Sparse kronecker products.
[m] Local state space iteration (second order).
[no] Bytecode evaluation.
[no] k-order perturbation solver.
[no] k-order solution simulation.
[no] Quasi Monte-Carlo sequence (Sobol).
[no] Markov Switching SBVAR.
Using 64-bit preprocessor
Starting Dynare (version 4.5.4).
Starting preprocessing of the model file …
Substitution of endo leads >= 2: added 1 auxiliary variables and equations.
Found 15 equation(s).
Evaluating expressions…done
Computing static model derivatives:
- order 1
Computing dynamic model derivatives:
- order 1
- order 2
Processing outputs …
done
Preprocessing completed.
STEADY-STATE RESULTS:
m 1.011
P 2.25815
c 0.447711
e 1
W 4.5959
R 1.02121
k 5.80121
d 0.849425
n 0.187216
l 0.860425
gy_obs 1.003
gp_obs 1.00797
y 0.580765
dA 1.003
EIGENVALUES:
Modulus Real Imaginary
0 0 0
4.036e-18 4.036e-18 5.315e-41
0.7 0.7 0
0.9467 0.9467 -3.892e-24
1.067 1.067 0
7.428e+07 -0.1598 -7.428e+07
7.428e+07 -0.3156 7.428e+07
There are 3 eigenvalue(s) larger than 1 in modulus
for 3 forward-looking variable(s)
The rank condition is verified.
You did not declare endogenous variables after the estimation/calib_smoother command.
Prior distribution for parameter rho has unbounded density!
Error in computing likelihood for initial parameter values
ESTIMATION_CHECKS: There was an error in computing the likelihood for initial parameter values.
ESTIMATION_CHECKS: If this is not a problem with the setting of options (check the error message below),
ESTIMATION_CHECKS: you should try using the calibrated version of the model as starting values. To do
ESTIMATION_CHECKS: this, add an empty estimated_params_init-block with use_calibration option immediately before the estimation
ESTIMATION_CHECKS: command (and after the estimated_params-block so that it does not get overwritten):
Error using print_info (line 112)
Likelihood is a complex number
Error in print_info (line 112)
error(‘Likelihood is a complex number’);
Error in initial_estimation_checks (line 175)
print_info(info, DynareOptions.noprint, DynareOptions)
Error in dynare_estimation_1 (line 165)
oo_ =
initial_estimation_checks(objective_function,xparam1,dataset_,dataset_info,M_,estim_params_,options_,bayestopt_,bounds,oo_);
Error in dynare_estimation (line 105)
dynare_estimation_1(var_list,dname);
Error in fs2000 (line 237)
oo_recursive_=dynare_estimation(var_list_);
Error in dynare (line 223)
evalin(‘base’,fname) ;
As for the diagnostics info:
- I downloaded the installer directly from dynare.org and just follow the installation steps.
- When setting the path, I stay away from the “Add with subfolders” option and just add the \matlab directory. This is right at the top of the path.
Hope this helps!