Help of DSGE

Hi All,

I am trying to solve Smets et al 2003. However, I cannot solve it properly. It gives me the following problem

You did not declare endogenous variables after the estimation command.
Loading 79 observations from Book1.xls

??? Error using ==> load
Unable to read file smetswouters_mode: No such file or directory.

Error in ==> dynare_estimation_1 at 65

Error in ==> dynare_estimation at 62

Error in ==> bbdd at 337

Error in ==> dynare at 120
evalin(‘base’,fname) ;
Book1.xls (26.5 KB)
bbdd.mod (3.95 KB)

you should first find the posterior mode by setting mode_compute = (some option)
and remove the mode file from the estimation command

try using

estimation(datafile=Book1, order =1, nobs = 79, mode_compute=4, mode_check, mh_replic=20000);