Starting Dynare (version 5.1). Calling Dynare with arguments: none Starting preprocessing of the model file ... WARNING: in the 'steady_state_model' block, variable 'ewma' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'epinfma' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'zcapf' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'rkf' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'kf' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'pkf' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'cf' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'invef' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'yf' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'labf' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'wf' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'rrf' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'mc' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'zcap' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'rk' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'k' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'pk' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'c' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'inve' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'y' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'lab' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'pinf' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'w' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'r' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'a' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'b' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'g' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'qs' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'ms' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'spinf' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'sw' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'kpf' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'kp' is not assigned a value WARNING: in the 'steady_state_model' block, variable 'ff' is not assigned a value Found 41 equation(s). Evaluating expressions...done Computing static model derivatives (order 1). Computing dynamic model derivatives (order 2). Processing outputs ... done Preprocessing completed. [Warning: Some of the parameters have no value (ccs, cinvs, crdpi) when using initial_estimation_checks. If these parameters are not initialized in a steadystate file or a steady_state_model-block, Dynare may not be able to solve the model. Note that simul, perfect_foresight_setup, and perfect_foresight_solver do not automatically call the steady state file.] Initial value of the log posterior (or likelihood): -477.6614 ========================================================== Change in the posterior covariance matrix = 3.9997. Change in the posterior mean = 1.8206. Current mode = 287.0966 Mode improvement = 190.5648 New value of jscale = 0.0083561 ========================================================== ========================================================== Change in the posterior covariance matrix = 0.12647. Change in the posterior mean = 4.5166. Current mode = 255.4346 Mode improvement = 31.662 New value of jscale = 0.10411 ========================================================== nperiods has been endogenously increased up to 201. nperiods has been endogenously increased up to 202. nperiods has been endogenously increased up to 203. nperiods has been endogenously increased up to 204. nperiods has been endogenously increased up to 205. nperiods has been endogenously increased up to 206. nperiods has been endogenously increased up to 207. nperiods has been endogenously increased up to 208. nperiods has been endogenously increased up to 209. nperiods has been endogenously increased up to 210. nperiods has been endogenously increased up to 211. nperiods has been endogenously increased up to 212. nperiods has been endogenously increased up to 213. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 2.027694e-16.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 214. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 1.814655e-16.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 215. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 1.623999e-16.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 216. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 1.453375e-16.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 217. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 1.300676e-16.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 218. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 1.164021e-16.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 219. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 1.041724e-16.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 220. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 9.322756e-17.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 221. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 8.343264e-17.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 222. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 7.466682e-17.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 223. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 6.682198e-17.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 224. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 5.980135e-17.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 225. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 5.351835e-17.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 226. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 4.789546e-17.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 227. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 4.286334e-17.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 228. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 3.835992e-17.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] nperiods has been endogenously increased up to 229. [Warning: Matrix is close to singular or badly scaled. Results may be inaccurate. RCOND = 3.432965e-17.] [> In occbin.mkdatap_anticipated_dyn (line 104) In occbin.solve_one_constraint (line 175) In occbin.solver (line 63) In occbin.kalman_update_algo_1 (line 124) In missing_observations_kalman_filter (line 235) In dsge_likelihood (line 705) In gmhmaxlik_core (line 154) In gmhmaxlik (line 100) In dynare_minimize_objective (line 336) In dynare_estimation_1 (line 211) In dynare_estimation (line 118) In sw07_0719_ff.driver (line 671) In dynare (line 281) ] occbin solver:: period 1:: Did not converge -- increase maxit.