There was an error in computing the likelihood for initial p

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There was an error in computing the likelihood for initial p

Postby Monetka » Sat Apr 19, 2014 7:42 am

Hi!
I am not very experienced in working with dynare and I completely don't know what I should do with such mistake..
Could you give me a hint?

Warning: BETAINV did not converge for a = 23.5125, b = 0.2375, p = 0.999.
> In betainv at 61
In draw_prior_density at 47
In plot_priors at 55
In dynare_estimation_init at 253
In dynare_estimation_1 at 81
In dynare_estimation at 89
In mymodel at 267
In dynare at 180
Loading 56 observations from data_vkr.mat


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 *
Inner matrix dimensions must agree.

Error in kalman_filter (line 119)
QQ = R*Q*transpose(R); % Variance of R times the vector of structural innovations.

Error in dsge_likelihood (line 646)
[LIK,lik] = kalman_filter(Y,diffuse_periods+1,size(Y,2), ...

Error in initial_estimation_checks (line 47)
[fval,junk1,junk2,a,b,c,d] =
feval(objective_function,xparam1,DynareDataset,DynareOptions,Model,EstimatedParameters,BayesInfo,DynareResults);

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 mymodel (line 267)
dynare_estimation(var_list_);

Error in dynare (line 180)
evalin('base',fname) ;

Thank you in advance!
Attachments
mymodel_steadystate.m
(2.05 KiB) Downloaded 56 times
mymodel.mod
(2.58 KiB) Downloaded 56 times
Monetka
 
Posts: 1
Joined: Sat Apr 19, 2014 6:30 am

Re: There was an error in computing the likelihood for initi

Postby jpfeifer » Wed May 07, 2014 9:07 am

The data file is missing.
------------
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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