Hello dears users and dynare’s expert.
I’m tryed run the model of open economy and calculate the steady state analitical, but have problems of initial values below:
Error using initial_estimation_checks (line 143)
initial_estimation_checks:: The forecast error variance in the multivariate Kalman filter became singular.
Error in initial_estimation_checks (line 143)
error('initial_estimation_checks:: The forecast error variance in the multivariate Kalman filter
became singular.')
Error in dynare_estimation_1 (line 165)
oo_ =
initial_estimation_checks(objective_function,xparam1,dataset_,dataset_info,M_,estim_params_,options_,bayestopt_,bounds,oo_);
Error in dynare_estimation (line 105)
dynare_estimation_1(var_list,dname);
Error in Marcio2015 (line 1105)
oo_recursive_=dynare_estimation(var_list_);
Error in dynare (line 235)
evalin('base',fname) ;
>>
How to solve this?
openeconomy.mod (28.3 KB)
median.values00.xlsx (8.5 KB)
data_M.xlsx (14.9 KB)
Thanks for help!
Best regards, F.Luiz