"Reference to non-existent field "Problem

Hi Guys

I am trying to estimate external finance premium by China data, and my dynare code 4.3.3 always runs into such problems:

Reference to non-existent field ‘y’.

Error in read_variables (line 82)
dyn_tmp_01 = s.(deblank(var_names_01(dyn_i_01,:)));

Error in initialize_dataset (line 32)
rawdata = read_variables(datafile,varobs,],xls.sheet,xls.range);

Error in dynare_estimation_init (line 347)
dataset_ =

Error in dynare_estimation_1 (line 59)
[dataset_,xparam1, M_, options_, oo_, estim_params_,bayestopt_] = dynare_estimation_init(var_list_,
dname, ], M_, options_, oo_, estim_params_, bayestopt_);

Error in dynare_estimation (line 70)

Error in BGG_CHEN (line 264)

Error in dynare (line 120)
evalin(‘base’,fname) ;

I guess probabely it is data set issue, not so sure

Thanks in advance!
ABC.xls (13.5 KB)
BGG_CHEN.mod (2.6 KB)

Your model stochastically singular.

[quote]Error using initial_estimation_checks (line 34)
initial_estimation_checks:: Estimation can’t take place because there are less declared shocks than observed variables![/quote]