My model works using stoch_simul and generate a good simulation using a certain group parameter. Now I want to estimate using Bayesian, but I get this result:

There are 5 eigenvalue(s) larger than 1 in modulus

for 5 forward-looking variable(s)

The rank condition is verified.

You did not declare endogenous variables after the estimation command.

This version of Dynare cannot estimate non linearized models!

Set “order” equal to 1.

Warning: Could not start Excel server for import, ‘basic’ mode will be used. Refer to

HELP XLSREAD for more information.

In xlsread at 176

In read_variables at 72

In dynare_estimation_1 at 269

In dynare_estimation at 62

In Korea_est at 382

In dynare at 132

Loading 41 observations from Datakorea1c.xls

Error in computing likelihood for initial parameter values

??? Error using ==> print_info at 39

Blanchard Kahn conditions are not satisfied: no stable equilibrium

Error in ==> initial_estimation_checks at 101

print_info(info, options_.noprint)

Error in ==> dynare_estimation_1 at 367

initial_estimation_checks(xparam1,gend,data,data_index,number_of_observations,no_more_missing_observations);

Error in ==> dynare_estimation at 62

dynare_estimation_1(var_list,varargin{:});

Error in ==> Korea_est at 382

dynare_estimation(var_list_);

Error in ==> dynare at 132

evalin(‘base’,fname) ;

Could you please help me.