My model runs well for the computational part, but it doesn’t work for estimation. Actually, I just tried one series and estimating one parameter.
My specification about estimation is as follows:
The following is what I got.
??? Error using ==> dynare_estimation
There are complex values in the data. Probably a wrong transformation
Error in ==> TSJH_est_Oct9 at 216
Could anyone tell me what default transformation is done in Dynare, since the original data are just growth rate of GDP and the scale is 0.01.