I posted an issue about the estimation which does not run though the stoch_simul runs properly. I tried the command option_.debug to find out theproblem with the code. the outcome from the debug option is as follows:
Error in computing likelihood for initial parameter values
ESTIMATION_CHECKS: There was an error in computing the likelihood for initial parameter values.
ESTIMATION_CHECKS: If this is not a problem with the setting of options (check the error message below),
ESTIMATION_CHECKS: you should try using the calibrated version of the model as starting values. To do
ESTIMATION_CHECKS: this, add an empty estimated_params_init-block with use_calibration option immediately before the estimation
ESTIMATION_CHECKS: command (and after the estimated_params-block so that it does not get overwritten):
I don’t know how to set the command “Estimated_params_init” in the code to solve the problem. I have read the Dynare manual section on the command but the content seems scanty and provide few details about it. I tried the diffuse filter command using lik_init=3 as recommanded in the manual but no success.
Could you provide me with more hint?