error occur when estimate parameter
Posted:
Thu Sep 25, 2014 2:09 am
by magicm
When estimate parameters of a basic linearized NK model,
dynare keep warning me the jaccobi contains NaNs,
and I don't know how to correct.
codes and data are in attachments
Re: error occur when estimate parameter
Posted:
Thu Sep 25, 2014 6:57 am
by jpfeifer
Please follow Remark 2 (Using stoch_simul before Estimation) from Pfeifer(2013): "A Guide to Specifying Observation Equations for the Estimation of DSGE Models"
https://sites.google.com/site/pfeiferecon/Pfeifer_2013_Observation_Equations.pdf.
That way, you would have recognized that you did not set i_ss and delta.
Re: error occur when estimate parameter
Posted:
Thu Sep 25, 2014 7:14 am
by magicm
thanks a lot, the problem has solved