Hi!
I am not very experienced in working with dynare and I completely don’t know what I should do with such mistake…
Could you give me a hint?
Warning: BETAINV did not converge for a = 23.5125, b = 0.2375, p = 0.999.
In betainv at 61
In draw_prior_density at 47
In plot_priors at 55
In dynare_estimation_init at 253
In dynare_estimation_1 at 81
In dynare_estimation at 89
In mymodel at 267
In dynare at 180
Loading 56 observations from data_vkr.mat
ESTIMATION_CHECKS: There was an error in computing the likelihood for initial parameter values.
ESTIMATION_CHECKS: You should try using the calibrated version of the model as starting values. To do
ESTIMATION_CHECKS: this, add an empty estimated_params_init-block with use_calibration option immediately before the estimation
ESTIMATION_CHECKS: command (and after the estimated_params-block so that it does not get overwritten):
Error using *
Inner matrix dimensions must agree.
Error in kalman_filter (line 119)
QQ = RQtranspose(R); % Variance of R times the vector of structural innovations.
Error in dsge_likelihood (line 646)
[LIK,lik] = kalman_filter(Y,diffuse_periods+1,size(Y,2), …
Error in initial_estimation_checks (line 47)
[fval,junk1,junk2,a,b,c,d] =
feval(objective_function,xparam1,DynareDataset,DynareOptions,Model,EstimatedParameters,BayesInfo,DynareResults);
Error in dynare_estimation_1 (line 179)
oo_ = initial_estimation_checks(objective_function,xparam1,dataset_,M_,estim_params_,options_,bayestopt_,oo_);
Error in dynare_estimation (line 89)
dynare_estimation_1(var_list,dname);
Error in mymodel (line 267)
dynare_estimation(var_list_);
Error in dynare (line 180)
evalin(‘base’,fname) ;
Thank you in advance!
mymodel_steadystate.m (2.05 KB)
mymodel.mod (2.58 KB)