Numerical initial values or parameters incompatible

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Numerical initial values or parameters incompatible

Postby zhanggaoxun » Sun Nov 13, 2016 10:47 am

Dear jpfeifer,
Can you help me with this? I am a green hand in Dynare. I have some problems when I run mu Dynare-file in Matlab:
My mod file is attached, please!
The error is:
STEADY: numerical initial values or parameters incompatible with the following equations
Columns 1 through 18
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Columns 19 through 36
19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
Columns 37 through 43
37 38 39 40 41 42 43
Check whether your model in truly linear
Error in computing likelihood for initial parameter values
ESTIMATION_CHECKS: There was an error in computing the likelihood for initial parameter values.
ESTIMATION_CHECKS: You should try using the calibrated version of the model as starting values. To do
ESTIMATION_CHECKS: this, add an empty estimated_params_init-block with use_calibration option immediately before the estimation
ESTIMATION_CHECKS: command (and after the estimated_params-block so that it does not get overwritten):

Error using print_info (line 80)
The steady state contains NaN or Inf
Error in print_info (line 80)
error('The steady state contains NaN or Inf')
Error in initial_estimation_checks (line 69)
print_info(info, DynareOptions.noprint, DynareOptions)
Error in dynare_estimation_1 (line 179)
oo_ =
initial_estimation_checks(objective_function,xparam1,dataset_,M_,estim_params_,options_,bayestopt_,oo_);
Error in dynare_estimation (line 89)
dynare_estimation_1(var_list,dname);
Error in usmodel_shock_decomp (line 516)
dynare_estimation(var_list_);
Error in dynare (line 180)
evalin('base',fname) ;

Kindly advice me what does this mean and how to improve my knowledge of dynare.
Thanks
Regard
Gaoxun Zhang
Attachments
usmodel_shock_decomp_mode.zip
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zhanggaoxun
 
Posts: 1
Joined: Sun Nov 13, 2016 10:40 am

Re: Numerical initial values or parameters incompatible

Postby jpfeifer » Sun Nov 13, 2016 3:19 pm

------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
Posts: 6940
Joined: Sun Feb 21, 2010 4:02 pm
Location: Cologne, Germany


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