hello dear prof. pfeifer.
I have some problems in my code, I have tried to solve them according to similar topics, But failed. my model is heterogeneous agent model with landa share of rule of thumb households.
here is the first note i got when running the model,
Note: numbers do not add up to 100 due to non-zero correlation of simulated shocks in small samples
You did not declare endogenous variables after the estimation/calib_smoother command.
Posterior IRFs will be computed for the 13 endogenous variables
of your model, this can be very long…
Choose one of the following options:
** [1] Consider all the endogenous variables.**
** [2] Consider all the observed endogenous variables.**
** [3] Stop Dynare and change the mod file.**
by choosing (1), i get several warnings including:
Warning: Matrix is close to singular or badly scaled. Results may be inaccurate.
and n the end this is what i face:
MODE CHECK
Fval obtained by the minimization routine (minus the posterior/likelihood)): 2439.193557
Warning: Matrix is singular, close to singular or badly scaled. Results may be inaccurate.
RCOND = NaN. **
> In dynare_estimation_1 (line 339)
** In dynare_estimation (line 105)
** In rgh_esfand (line 235)**
** In dynare (line 223) **
RESULTS FROM POSTERIOR ESTIMATION
parameters
** prior mean mode s.d. prior pstdev**
**landa 0.250 0.6702 NaN beta 0.1000 **
**rho_m 0.782 0.4031 NaN beta 0.0500 **
**rho_pi -1.245 -0.6265 NaN norm 0.1000 **
**rho_x -2.234 -1.5979 NaN norm 0.1000 **
**phi 3.000 0.8174 NaN gamm 0.5000 **
**beta 0.960 0.9788 NaN beta 0.0120 **
**rhoa 0.700 0.7607 NaN beta 0.1000 **
Log data density [Laplace approximation] is NaN.
Error using chol
Matrix must be positive definite.
Error in posterior_sampler_initialization (line 84)
d = chol(vv);
Error in posterior_sampler (line 60)
** posterior_sampler_initialization(TargetFun, xparam1, vv,**
** mh_bounds,dataset_,dataset_info,options_,M_,estim_params_,bayestopt_,oo_);**
Error in dynare_estimation_1 (line 447)
** posterior_sampler(objective_function,posterior_sampler_options.proposal_distribution,xparam1,posterior_sampler_options,bounds,dataset_,dataset_info,options_,M_,estim_params_,bayestopt_,oo_);**
** Error in dynare_estimation (line 105)**
** dynare_estimation_1(var_list,dname);**
Error in rgh_esfand (line 235)
oo_recursive_=dynare_estimation(var_list_);
Error in dynare (line 223)
**evalin(‘base’,fname) ; **
>> here are my code and data file, if needed
rgh_esfand.mod (2.0 KB)
rgh_amar.m (3.6 KB)
could you please help me? thank you