I am working on a Bayesian DSGE model. The model goes through the initial stage of solving however when I reach the estimation stage I get the following error. I am new to Dynare and thus not very sure if the steadystate.m file I am using is correct. Please have a look at the files.
Any help is deeply appreciated.
There are 7 eigenvalue(s) larger than 1 in modulus
for 7 forward-looking variable(s)
The rank condition is verified.
Loading 112 observations from datafirst.m
??? Error using ==> initial_estimation_checks at 78
The seadystate values returned by first1_steadystate.m don’t solve the static model!
Error in ==> dynare_estimation_1 at 320
Error in ==> dynare_estimation at 62
Error in ==> first1 at 382