I’m a beginnner of Dynare, I’d like to use Bayesian Estimation, but met an error.
POSTERIOR KERNEL OPTIMIZATION PROBLEM!
(minus) the hessian matrix at the “mode” is not positive definite!
=> posterior variance of the estimated parameters are not positive.
You should try to change the initial values of the parameters using
the estimated_params_init block, or use another optimization routine.
this is my code and data file, I’ve read some posts in the forum and tried mode_compute 6/9, howerver some other errors I knew never occured.
Could you please help me solve this problem?
Thanks a lot！