Hello

I am trying the replicate Smets-Wouters(2003) paper.

I was first trying to solve the model for calibrated parameters before undertaking estimation. But I have already errors(below). Thank you in advance for anyone who will help me. Cyril

Using 64-bit preprocessor

Starting Dynare (version 4.5.6).

Starting preprocessing of the model file …

Substitution of exo leads: added 1 auxiliary variables and equations.

Found 32 equation(s).

Evaluating expressions…done

Computing static model derivatives:

- order 1

Computing dynamic model derivatives: - order 1
- order 2

Processing outputs …

done

Preprocessing completed.

Warning: Matrix is singular to working precision.

In evaluate_steady_state at 263

In resol at 104

In stoch_simul at 89

In EuroCalib at 409

In dynare at 235

Error using print_info (line 90)

The steady state contains NaN or Inf

Error in stoch_simul (line 100)

print_info(info, options_.noprint, options_);

Error in EuroCalib (line 409)

info = stoch_simul(var_list_);

Error in dynare (line 235)

evalin(‘base’,fname) ;EuroCalib.mod (5.6 KB)