I’m getting the following error messages while trying to estimate the attached DSGE model (Chorinho**), for the Brazilian Economy:
Error in computing likelihood for initial parameter values
Error using print_info (line 80)
The steady state contains NaN or Inf
Error in print_info (line 80)
error(‘The steady state contains NaN or Inf’)
Error in initial_estimation_checks (line 69)
print_info(info, DynareOptions.noprint, DynareOptions)
Error in dynare_estimation_1 (line 179)
Error in dynare_estimation (line 89)
Error in chorinho_table (line 576)
Error in dynare (line 180)
By the way, this is the first time I have an error on Dynare. So I’m pretty lost on debugging it. Also, this is the first time that I try to use non-stationary variables to infer the model.
I suppose I may be missing something, but after days debugging the attached code, I can’t find it. Hope someone could help me out.
I also tried to contact the Author to provide the original code, but I had no success on it.
I would be very glad to get any help or hint you can give me.
** eesp.fgv.br/sites/eesp.fgv.br/fi … rtigo2.pdf (PDF File of the Original Model, which I’m trying to implement over Dynare)
chorinho_data.xls (45 KB)
chorinho_table.mod (347 Bytes)
chorinho_model_defs.txt (2.48 KB)
chorinho_estimation_defs.txt (2.26 KB)
chorinho_defs.mod (681 Bytes)