Steady state problem in Estimation

Estimation ML/Bayesian estimation
1

Hello to everyone,

I am trying to estimate a rather big model with close to 80 variables. When I use the stoch_stimul command and calibrated parameters, the steady state is computed through the steady_state file I provide and everything run smoothly. When I want to estimate the same model I get the following error:

Parameter error:
The model does not solve for prior_mean with error code info = 19

info==19 %! The steadystate routine thrown an exception (inconsistent deep parameters). 
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Try sampling up to 50 parameter sets from the prior.

Any idea what’s going wrong before I upload all the files?

2

It means your steady state file did return with an error code, i.e. check=1