Dear all,

I was trying out one paper “Toward a Taylor Rule for Fiscal Policy”, I downloaded the data and code to repeat the exercise using the same version of dynare as reminded by the authors.

However, when I was doing the estimation part, things went smoothly at first, but then errors appeared as:

??? Attempted to access info(2); index out of bounds because numel(info)=1.

Error in ==> DsgeLikelihood at 135

fval = bayestopt_.penalty+info(2);

Error in ==> csminit at 126

f = feval(fcn,dxtest,varargin{:});

Error in ==> csminwel1 at 101

[f1 x1 fc retcode1] = csminit(fcn,x,f,g,badg,H,varargin{:});

Error in ==> dynare_estimation_1 at 204

[fval,xparam1,grad,hessian_csminwel,itct,fcount,retcodehat] = …

Error in ==> dynare_estimation at 62

dynare_estimation_1(var_list,varargin{:});

Error in ==> model_baseline at 485

dynare_estimation(var_list_);

Error in ==> dynare at 120

evalin(‘base’,fname) ;

please check the attchment for the data and code. What’s the problem? Thanks!

obsdata_first_diff2.m (2.18 KB)

model_baseline.mod (7.5 KB)

generate_tables_figures_est.m (17.3 KB)

data_september2012.m (44 KB)