Dear,

I am trying to estimate a DSGE model with unemployment. I use a code inspired from Smets and Wouters (2003)'s code but with unemployment in order to replicate Gali, Smets and Wouters (2012) for the Euro Zone.

The model seems to work.

However, the Bayesian estimation is not computed, I obtain no posterior (or only wrong ones with zero stdeviation).

I tried to with several mode_compute, in particular the mode_compute = 6 and I tried with several initial values and priors.

You will finds attached the data and the mod file.

Do you have an idea of what could be wrong?

Thank you,