# Estimation output **URL:** \ **Category:** Dynare contributions and examples\ **Created:** [29 March 2018 13:20 UTC](https://forum.dynare.org/t/estimation-output/11569 "2018-03-29T13:20:04Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![iodana21](https://forum.dynare.org/letter_avatar_proxy/v4/letter/i/b5a626/32.png) [@iodana21](https://forum.dynare.org/u/iodana21)\ **Post date:** [29 March 2018 13:20 UTC](https://forum.dynare.org/t/estimation-output/11569/1 "2018-03-29T13:20:05Z")
Hello! I have recently implemented a basic NK model, with four agents: households, firms, monetary and fiscal authorities. I want to estimate this model for Romania. I attached below the mod file and the data that I used. I do not know if the results look ok, I am new at dsge modelling, I tried estimating the parameters by looking at other papers that were made for Romania. I just want to know if they seem correct, so I can continue the research for this type of models. I have read some guides and examples in order to understand the mechanism, so I am not completely outside the subject. Thank you in advance. [Dynare.xlsx](https://forum.dynare.org/uploads/default/original/2X/4/4dd685b74e25ef850b0eeb4c7a1a60cae895d5d1.xlsx) (13.2 KB)[licenta2.mod](https://forum.dynare.org/uploads/default/original/2X/0/03e0fc19b655625f9ad3b04e4e22f12c2960d9a7.mod) (1.4 KB) ---
**Author:** ![jpfeifer](https://forum.dynare.org/user_avatar/forum.dynare.org/jpfeifer/32/5044_2.png) [@jpfeifer](https://forum.dynare.org/u/jpfeifer)\ **Post date:** [31 March 2018 09:47 UTC](https://forum.dynare.org/t/estimation-output/11569/2 "2018-03-31T09:47:07Z")
1. Your data for `y` has a strong seasonal pattern you need to remove. 2. Your model is linearized, but the series for inflation does not correspond to a mean 0 net interest rate. 3. Although not immediately relevant for the particular estimation in your mod-file, you are not handling parameter dependence correctly. See Pfeifer(2013): [“A Guide to Specifying Observation Equations for the Estimation of DSGE Models”](http://sites.google.com/site/pfeiferecon/Pfeifer_2013_Observation_Equations.pdf) ---
**Author:** ![iodana21](https://forum.dynare.org/letter_avatar_proxy/v4/letter/i/b5a626/32.png) [@iodana21](https://forum.dynare.org/u/iodana21)\ **Post date:** [2 April 2018 12:51 UTC](https://forum.dynare.org/t/estimation-output/11569/3 "2018-04-02T12:51:28Z")
Thank you!