DSGE modelling: The forecast error variance in the multivariate Kalman filter became singular

Estimation ML/Bayesian estimation
1

Could you kindly point out where I’ve gone wrong in the code? Thank you kindly!
Dynare constant.txt (3.6 KB)

2

The data file is missing.

3

Dynare_data.xlsx (17.5 KB)

I hope this helps.

4

You have standard stochastic singularity. Try dropping one variable at a time. Search the forum for details.