Dear dynare helpers,
Previously I did a successful Bayesian estimation of a closed economy. Recently I have extended it to an open economy. I have done a successful deterministic simultation with this model too (at least it seems to be). But when I start Bayesian estimation, dynare keeps returning an error message.
I have tried getting rid of the new measurement equations and observables and running the estimation again, but I still receive the same error message.
I am getting a bit lost now.
Do you have any idea how I could find out where the mistake(s) is?
Please find my code and data attached.
Posterior_Generation.mod (37.9 KB)
data.mat (57.5 KB)
Posterior_Generation_mode.mat (16.7 KB)
Best
Jing