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running error with New Keynesian Model

PostPosted: Thu Jun 10, 2010 12:13 am
by marvinsyrene
I am estiamting a pretty standard new Keynesian monetary model with US data, every time when I specify three observables:y pai i, there is a error message:
??? Error using ==> chol
Matrix must be positive definite.

Error in ==> metropolis_hastings_initialization at 52
d = chol(vv);

everything works fine with two observables: y pai.

Re: running error with New Keynesian Model

PostPosted: Thu Jun 10, 2010 7:19 am
by StephaneAdjemian
Hi, can you post the data file ?
Best, Stéphane.

Re: running error with New Keynesian Model

PostPosted: Thu Jun 10, 2010 2:16 pm
by marvinsyrene
this is data for output, pai and i.
output is detrended log, multiplied by 400.
pai is the log difference of CPI, multiplied,
i is the fed fund rate
thanks for your reply.
it won't allow to upload the data file, do you have an email address, can i send it to your email?

Re: running error with New Keynesian Model

PostPosted: Fri Jun 11, 2010 8:38 pm
by marvinsyrene
here is the data file, it contain y pai i,
thanks