Starting Dynare (version 4.4.3). Starting preprocessing of the model file ... Found 8 equation(s). Evaluating expressions...done Computing static model derivatives: - order 1 - order 2 - derivatives of Jacobian/Hessian w.r. to parameters Computing dynamic model derivatives: - order 1 - order 2 - derivatives of Jacobian/Hessian w.r. to parameters Processing outputs ...done Preprocessing completed. Starting MATLAB/Octave computing. STEADY-STATE RESULTS: y 2.36641 c 1.86078 k 20.2251 h 0.94351 e_a 0 e_b 0 y_obs 2.36641 h_obs 0.94351 Residuals of the static equations: Equation number 1 : 0 Equation number 2 : 0 Equation number 3 : 0 Equation number 4 : 0 Equation number 5 : 0 Equation number 6 : 0 Equation number 7 : 0 Equation number 8 : 0 ==== Identification analysis ==== Testing prior mean The number of moments with non-zero derivative is smaller than the number of parameters Try increasing ar = 2 warning: division by zero warning: called from lyapunov_symm at line 172 column 12 getJJ at line 59 column 9 identification_analysis at line 92 column 38 dynare_identification at line 280 column 93 Ferroni_2 at line 178 column 1 dynare at line 180 column 1 warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero The number of moments with non-zero derivative is smaller than the number of parameters Try increasing ar = 3 warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero The number of moments with non-zero derivative is smaller than the number of parameters Try increasing ar = 4 warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero The number of moments with non-zero derivative is smaller than the number of parameters Try increasing ar = 5 warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero The number of moments with non-zero derivative is smaller than the number of parameters Try increasing ar = 6 warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero The number of moments with non-zero derivative is smaller than the number of parameters Try increasing ar = 7 warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero The number of moments with non-zero derivative is smaller than the number of parameters Try increasing ar = 8 warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero The number of moments with non-zero derivative is smaller than the number of parameters Try increasing ar = 9 warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero The number of moments with non-zero derivative is smaller than the number of parameters Try increasing ar = 10 warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero warning: division by zero The number of moments with non-zero derivative is smaller than the number of parameters