Hello everyone, I’m doing a topic which is related to Jaaskela and Jennings’ work in 2011. For first part, basically I’m replicating the same model and methods with different country’s data.

I need to say thanks to tophukg, a user here. He was doing the same topic and shared his work. I’ve amended his model, like some input mistakes, and estimation commands. Yet now, I meet the same problem as he did. I need to get posterior estimates and the true IR graph, but Dynare doesn’t show anything after I run my model, even error message.

So I have some questions:

- Does this problem result from my data file or input commands? Or my estimation commands?
- If not, I doubt the problem be within parameter value block or obs_variable definition block, since the other model part is the same as the Journal, only country parameters differ. Especially obs_variable part, the data is quaterly, but I’m not sure if I should amend the definition for impulse response. I have tried many other ways but still it doesn’t work out.

The article (only part 2 and 3 are related to the problem), mod file and data file are attached. Appreciate it if anybody can give me some advice.

Jaaskela 2011.rar (540 KB)