I have set
estimated_params;
stderr e_a1, inv_gamma_pdf,0.01, 0.2; % shape = 2.0 (mean exists)
rhoGamma1, beta_pdf, 0.8, 0.15;
estimated_params_init(use_calibration);
//stderr e_a1, 0.01;
//rhoGamma1, 0.8;
% mu, 1.0;
end;
estimation(datafile=Jack_hpfilter, first_obs=1, mode_compute=6,mh_replic=20000, mh_nblocks=2, mh_drop=0.3,forecast=8, plot_priors=1,prior_trunc=0)y1_obs c1_obs;
The error info:
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](matlab:matlab.lang.internal.introspective.errorDocCallback(‘print_info’, ‘/Applications/Dynare/6.3-arm64/matlab/print_info.m’, 33)) ([line 33](matlab: opentoline(‘/Applications/Dynare/6.3-arm64/matlab/print_info.m’,33,0)))
Error using [print_info](matlab:matlab.lang.internal.introspective.errorDocCallback(‘print_info’, ‘/Applications/Dynare/6.3-arm64/matlab/print_info.m’, 33)) ([line 33](matlab: opentoline(‘/Applications/Dynare/6.3-arm64/matlab/print_info.m’,33,0)))
Blanchard & Kahn conditions are not satisfied: no stable equilibrium.
Error in [initial_estimation_checks](matlab:matlab.lang.internal.introspective.errorDocCallback(‘initial_estimation_checks’, ‘/Applications/Dynare/6.3-arm64/matlab/estimation/initial_estimation_checks.m’, 248)) ([line 248](matlab: opentoline(‘/Applications/Dynare/6.3-arm64/matlab/estimation/initial_estimation_checks.m’,248,0)))
print_info(info, options_.noprint, options_)
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Error in [dynare_estimation_1](matlab:matlab.lang.internal.introspective.errorDocCallback(‘dynare_estimation_1’, ‘/Applications/Dynare/6.3-arm64/matlab/estimation/dynare_estimation_1.m’, 165)) ([line 165](matlab: opentoline(‘/Applications/Dynare/6.3-arm64/matlab/estimation/dynare_estimation_1.m’,165,0)))
oo_ = initial_estimation_checks(objective_function,xparam1,dataset_,dataset_info,M_,estim_params_,options_,bayestopt_,bounds,oo_);
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Error in [dynare_estimation](matlab:matlab.lang.internal.introspective.errorDocCallback(‘dynare_estimation’, ‘/Applications/Dynare/6.3-arm64/matlab/estimation/dynare_estimation.m’, 105)) ([line 105](matlab: opentoline(‘/Applications/Dynare/6.3-arm64/matlab/estimation/dynare_estimation.m’,105,0)))
dynare_estimation_1(var_list,dname);
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Error in [OpenEconBridge.driver](matlab:matlab.lang.internal.introspective.errorDocCallback(‘OpenEconBridge.driver’, ‘/Users/jack/Documents/MATLAB/CBDC_code/WorkingVersion6/+OpenEconBridge/driver.m’, 1949)) ([line 1949](matlab: opentoline(‘/Users/jack/Documents/MATLAB/CBDC_code/WorkingVersion6/+OpenEconBridge/driver.m’,1949,0)))
oo_recursive_=dynare_estimation(var_list_);
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Error in [dynare](matlab:matlab.lang.internal.introspective.errorDocCallback(‘dynare’, ‘/Applications/Dynare/6.3-arm64/matlab/dynare.m’, 308)) ([line 308](matlab: opentoline(‘/Applications/Dynare/6.3-arm64/matlab/dynare.m’,308,0)))
evalin(‘base’,[fname ‘.driver’]);
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
>>