I’m getting this error with ML estimation. I know this is a common problem, but I have tried all the solutions (different starting values, different mode_compute options), and I’ve checked identification. I don’t think there’s a problem with the model: I’ve done Bayesian estimation with no obvious problem, and I’ve estimated the model with two data series and two shocks (omitting the ng series and the vn shock). When I do ML, the mode_check plots look ok, except that the standard deviation of the vu shock is implausibly large (estimating similar models it usually is around 0.2, and here it is > 1.1).
I’ve attached the .mod file and the data file, would greatly appreciate any ideas. I like to report both ML and Bayesian results, but this is a roadblock. Thank you.
Model_fttb1S3JRn.mod (8.4 KB)
cindata59gpc2024cvhp.xlsx (27.5 KB)