Your observation equation is wrong. You are trying to match trending data to stationary model variables. Please read Pfeifer(2013): “A Guide to Specifying Observation Equations for the Estimation of DSGE Models”
Your observation equation is wrong. You are trying to match trending data to stationary model variables. Please read Pfeifer(2013): “A Guide to Specifying Observation Equations for the Estimation of DSGE Models”