I am trying to obtain IRFs from the mod-file in the Dynare User guide by Mancini, in Chapter 6. To be specific, I have added the option ‘bayesian_irf’ in the options of the estimaton command:
estimation(bayesian_irf, datafile=EMU_data,mh_nblocks=2, loglinear, mode_compute=4, mh_replic=3000, mh_drop=0.45,mh_jscale=0.65, nobs=61);
However, when I run the file I get the following error message:
??? Error using ==> irf
Too many input arguments.
Error in ==> PosteriorIRF at 181
y=irf(dr,SS(M_.exo_names_orig_ord,i), options_.irf, options_.drop,options_.replic,options_.order);
Error in ==> dynare_estimation at 943
Error in ==> Chapter_3_DSGE at 170
Error in ==> dynare at 102
Please find the complete mod-file below.
Chapter_3_DSGE_steadystate.m (978 Bytes)
EMU_data.m (1.99 KB)
Chapter_3_DSGE.mod (3.84 KB)
Most probably there is a problem with the path of the Econometrics Toolbox, see [Error using ==> irf Too many input arguments)
Thank you jpfeifer. That is what I thought as well, so I copied the mod-file into my original Dnyare folder (i.e. where I installed it, don’t ask why I am using two folders, it is a long story), but then I get this error message:
??? Error using ==> chol
Matrix must be positive definite.
Error in ==> metropolis_hastings_initialization at 52
d = chol(vv);
Error in ==> random_walk_metropolis_hastings at 43
ix2, ilogpo2, ModelName, MhDirectoryName, fblck, fline, npar, nblck, nruns, NewFile, MAX_nruns, d ] = …
Error in ==> dynare_estimation_1 at 1050
Error in ==> dynare_estimation at 62
Error in ==> Chapter_3_DSGE at 177
Error in ==> dynare at 132
I just downloaded and reinstalled the recent version of Dynare, and now it works. I assume it had something to do with the Eco-Toolbox and the path, as you had suggested.
Thank you so much for your help.