For help

Dear friends,
I have encountered a problem. I study the pension balance of China. It needs estimation of shocks of macroeconomic. I used the SW(2007) model to estimate the structure parameters. I use the China’s macroeconomic data (annual), but I get the same parameters as SW(2007). And I used the data processing method is same as SW(2007). I don’t know where the problem came from.
Thanks in advance!

That is because you used the US starting values via the

option and then used

Thank you very much for your answer.
However, I have a little question; I don’t know how to set the mode_file in my case, especially the ctrend. And I find if no usmodel_shock_decomp_mode.mat file, the dynare can’t run correctly.
Kind regards,
Wang Kaiming

If you haven’t a mode-file, don’t provide one. What you want to do is run mode-finding.