Dear all:

When I run the HSTBayes.mod------which is a example in dynare, it is coming up with the same errors{I have uesd the model_diagnostics(M_,options_,oo_)、model_check to check the model,there is no problem.}:

Error in computing likelihood for initial parameter values

??? Error using ==> print_info

The steady state contains NaN or Inf

Error in ==> initial_estimation_checks at 69

print_info(info, DynareOptions.noprint)

Error in ==> dynare_estimation_1 at 169

oo_=initial_estimation_checks(objective_function,xparam1,dataset_,M_,estim_params_,options_,bayestopt_,oo_);

Error in ==> dynare_estimation at 70

dynare_estimation_1(var_list,dname);

Error in ==> HSTBayes at 205

dynare_estimation(var_list_);

Error in ==> dynare at 120

evalin(‘base’,fname) ;

I don’t know what the problem is.I am very puzzled .

Thanks!

the HSTBayes file attachment as follows:

HSTBayes.mod.rar (8.51 KB)