Hello, I have tried many times when guessing the initial value, and the model calculation process has been checked and no errors have been found, but it still can’t make the values of some variables in the workspace reach a relatively reasonable range, resulting in me can’t calibrate the parameters in the next step, can you help me see what the problem is? Here are the values for my files and workspaces. Thank you very much!
model1.mod (5.7 KB)
wentai1.m (3.4 KB)
use.mat (3.7 KB)
solve.m (1.1 KB)
With the file you uploaded, I get
ERROR: There are 44 equations but 45 endogenous variables!
Thanks for your reply, after checking I found that it is like this in the mod. file, the reason is that I found that there are formulas with multicollinearity, so I deleted a few equations and forgot to make up for them. I would also like to ask why I can’t get the parameter values in use.mat to a reasonable range when I run the wentai.m file trying to adjust the initial values?
You did not explain what you are doing and what the problem exactly is.
I’m sory.What I do is to integrate digital technology (set as a digital sector in the model) into the government, enterprises, and the public to conduct research on pollution reduction and carbon reduction. The problem I am currently running is: when I run the wentai.m file in Dynare, some parameters in the workspace (use.mat file) have unreasonable values that don’t allow me to do the next step of parameter estimation, I tried to guess the initial values to make some parameter values not negative and not too big, but it doesn’t work, I want to ask if you know where the problem is.
You did not explain what exactly the problem is. You wrote the model. Nobody except you knows what the objects in the file represent, which values you can consider unreasonable and what your calibration strategy was.