thank you for your concern.
as the topic :You did not declare endogenous variables after the estimation/calib_smoother command.
what’s wrong with my code?
data.xls (15 KB)
estimated.mod (978 Bytes)
The complete message is the following:
You did not declare endogenous variables after the estimation/calib_smoother command. Smoothed variables will be computed for the 9 endogenous variables of your model, this can be very long.... Choose one of the following options:  Consider all the endogenous variables.  Consider all the observed endogenous variables.  Stop Dynare and change the mod file. options [default is 1] =
Dynare is just telling you that you should probably restrict the computation of the smoother to the variables of interest to you (to save time), by listing them at the end of the estimation command. But if you want to smoother for all variables, enter 1 or list them all in the MOD file.