hi,

i wanna run a small open economy model with dynare ,but i always get this kind of errors after getting steady-state results:

Error in computing likelihood for initial parameter values

??? Error using ==> print_info at 33

The model doesn’t determine the current variables uniquely

Error in ==> initial_estimation_checks at 69

print_info(info, DynareOptions.noprint)

Error in ==> dynare_estimation_1 at 169

oo_ = initial_estimation_checks(objective_function,xparam1,dataset_,M_,estim_params_,options_,bayestopt_,oo_);

Error in ==> dynare_estimation at 70

dynare_estimation_1(var_list,dname);

Error in ==> zdp5 at 206

dynare_estimation(var_list_);

Error in ==> dynare at 120

evalin(‘base’,fname) ;

i don’t konw how to fix it ,i need your help ,any help will be greatly appreciated ,thx!

model.mod (1.7 KB)