I have been having challenge with my model of Error in computing likelihood for initial parameter values, below are the error messages. How do I go about it, I need help.

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 32)

Error using print_info (line 32)

Blanchard & Kahn conditions are not satisfied: indeterminacy.

Error in initial_estimation_checks (line 196)

print_info(info, DynareOptions.noprint, DynareOptions)

Error in dynare_estimation_1 (line 164)

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 musa.driver (line 590)

oo_recursive_=dynare_estimation(var_list_);

Error in dynare (line 293)

evalin(‘base’,[fname ‘.driver’]) ;

Does the model work in simulations?

Thank you for your response Professor. The model work is Bayesian

This is my code

musa.mod (3.7 KB)

The file you uploaded does not produce the mentioned error.

Professor Jpfeifer below are the ERROR MESSAGES I have been getting from my own end…

Error using print_info (line 32)

Error using print_info (line 32)

Blanchard & Kahn conditions are not satisfied: indeterminacy.

Error in initial_estimation_checks (line 196)

print_info(info, DynareOptions.noprint, DynareOptions)

Error in dynare_estimation_1 (line 164)

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 musa.driver (line 590)

oo_recursive_=dynare_estimation(var_list_);

Error in dynare (line 293)

evalin(‘base’,[fname ‘.driver’]) ;

Then please provide the version that actually generates this message, not the one that produces preprocessing errors.

Thank Professor jpfeifer for your response. Here is the attached version of the code that generate the above error message.

Thank You

musa.mod (3.9 KB)

The data is still missing.

Sorry about that Professor, below is the attached.

Thank You.

daudaquarter.xls (34 KB)

There must still be a mistake in your model. The `check`

-command already shows

```
There are 18 eigenvalue(s) larger than 1 in modulus
for 19 forward-looking variable(s)
The rank condition ISN'T verified!
```

Typically, there a problem with the timing or the parameter values.

Okay,. Thank you Professor jpfeifer.

I will look at the timing and parameters.

Thanks for your response once again.