Dear everyone:

When I run the [dsgevar_forward_calibrate_lambda.mod ] file in dynare again,

it is coming up with the following message:

??? Error using ==> initial_estimation_checks

The initial value of the likelihood is complex

Error in ==> dynare_estimation_1 at 169

oo_=initial_estimation_checks(objective_function,xparam1,dataset_,M_,estim_para

ms_,options_,bayestopt_,oo_);

Error in ==> dynare_estimation at 70

dynare_estimation_1(var_list,dname);

Error in ==> dsgevar_forward_calibrate_lambda at 237

dynare_estimation(var_list_);

Error in ==> dynare at 120

evalin(‘base’,fname) ;

I am very confused,so I really hope you can help me to explain why?

Thanks

Yun

the dsgevar_forward_calibrate_lambda.mod file attachment as follows:

dsgevar_forward_calibrate_lambda.mod (3.08 KB)