Dear all,

I’m wondering whether anyone here has ever encountered the similar question as me. I’m estimating a small open economy model using five macroeconomic quarterly Chilean time series. First, I fixed 10 parameters and estimated 11 parameters, including the intertemporal elasticity of substitution (crho.) Everything was fine and I got estimation results, though crho is quite low and very close to the lower bound, 0.25. Then, I fixed crho as 1.2 and removed crho from the “estimated_params” block. Run the same file. However, I got the following error message:

In an assignment A(I) = B, the number of elements in B and I must be the same.

Error in set_parameters (line 70)

M_.params(estim_params_.param_vals(:,1)) = xparam1(offset+1:end);

Error in dynare_estimation_1 (line 110)

set_parameters(xparam1);

Error in dynare_estimation (line 70)

dynare_estimation_1(var_list,dname);

Error in version2_FB_nlin_est (line 311)

dynare_estimation(var_list_);

Error in dynare (line 120)

evalin(‘base’,fname) ;

Why could the change of a single parameter from being an estimated paramter to a calibrated paramter cause errors?

Any help is deeply appreciated.

Thank you. Anita