Exiting: Maximum number of function evaluations has been exceeded
         - increase MaxFunEvals option.
         Current function value: 75.302529 

Warning: Matrix is close to singular or badly scaled.
         Results may be inaccurate. RCOND = 1.135100e-026.
> In dynare_estimation at 407
  In liten_estML at 148
  In dynare at 26
 
RESULTS FROM MAXIMUM LIKELIHOOD
parameters
             Estimate    s.d. t-stat

       sigma   0.4217  0.0000 3519306.4588
       omega   0.1427  0.0079 18.1426
       gamma   0.7997  0.1153  6.9384
       alpha   1.5473  0.0000 160910781143.7815
        beta   0.6246  0.0000 305306506486.3841
        rhoy   0.2988  0.0000 557410225763.6591
       rhopi   0.2889  0.0000 965461440033.7979
        rhov   0.3203  0.0000 3519306.4958
standard deviation of shocks
             Estimate    s.d. t-stat

          uy   3.3582  0.1851 18.1426
         upi   3.4551  0.1904 18.1426
          uv   0.2938  1.9100  0.1538




NEXT RESULT




Improvement on iteration 34 =        0.000011866
-----------------
-----------------
f at the beginning of new iteration,        41.5889727278
Predicted improvement:        0.000000040
lambda =          1; f =           41.5889727
Norm of dx 8.2156e-005
ih = 1
----
Improvement on iteration 35 =        0.000000040
improvement < crit termination
Objective function at mode: 41.588973
Objective function at mode: 41.588973
 
RESULTS FROM MAXIMUM LIKELIHOOD
parameters
             Estimate    s.d. t-stat

       sigma   1.1729 1069.4508  0.0011
       omega  -0.8120 722.9545  0.0011
       gamma   1.1700 591.2442  0.0020
       alpha   1.9567 133.3390  0.0147
        beta   0.2296 15.7001  0.0146
        rhoy   0.2277  0.1984  1.1481
       rhopi   0.9889  0.0182 54.4627
        rhov   0.3210  0.4292  0.7479
standard deviation of shocks
             Estimate    s.d. t-stat

          uy   3.2487 936.2481  0.0035
         upi   3.2339 2514.4861  0.0013
          uv   0.2946 779.6537  0.0004








NEXT RESULT






 315          613          41.5596         shrink
 
Optimization terminated:
 the current x satisfies the termination criteria using OPTIONS.TolX of 1.000000e-006 
 and F(X) satisfies the convergence criteria using OPTIONS.TolFun of 1.000000e-008 

Warning: Matrix is close to singular or badly scaled.
         Results may be inaccurate. RCOND = 7.225088e-017.
> In dynare_estimation at 407
  In liten_estML at 148
  In dynare at 26
 
RESULTS FROM MAXIMUM LIKELIHOOD
parameters
             Estimate    s.d. t-stat

       sigma  -0.1761 265.0579  0.0007
       omega  -0.2014  3.8023  0.0530
       gamma   0.8396  7.8375  0.1071
       alpha   7.2245 37.3107  0.1936
        beta   0.3497  6.4879  0.0539
        rhoy  -0.1998  1.2742  0.1568
       rhopi   0.9897  0.0001 10097.3832
        rhov   0.4304  1.0266  0.4192
standard deviation of shocks
             Estimate    s.d. t-stat

          uy  -0.6853 751.9654  0.0009
         upi  -7.1183 1449.7884  0.0049
          uv   2.0600 5831.9408  0.0004