Error Initial parameters cannot be computed

[jpfeifer]

See e.g.

The steady state contains NaN or Inf

You should always fully calibrate your model to see whether it runs. See Remark 2 (Using stoch_simul before Estimation) in Pfeifer(2013): “A Guide to Specifying Observation Equations for the Estimation of DSGE Models” sites.google.com/site/pfeiferecon/Pfeifer_2013_Observation_Equations.pdf. Whenever you want to run command like steady, check, or stoch_simul before estimation, the parameters need to be set. If you only want to run estimation without any other commands before it, you do not need t…