It seems Johannes has the file set to simulation with the estimation commented out. If I comment out the stoch_simul and comment the estimation procedure back in, I can’t seem to get it to run. Specifically with errors in computing likelihood for initial parameter values. Can anyone get the estimation in this example to work?
I’m running the file attached here, where I’ve just deleted the plots at the end, commented out ‘stoch_simul’ and commented back in the estimation portion.
Using Dynare 4.4.3, I get the error quoted below.
Also, while I’ve got your attention, I think the current ‘Ireland_2004.mod’ file on your Github has a typo on line 172 in the estimated params block (omega isn’t specified and I couldn’t run it as is)
The reason is that mode_compute=9 tries a wider range of parameter values and apparently encounters some parameter draws that result in invalid expressions, i.e. NaN and Inf. But as long as it’s only a warning I would not worry.