Dear all
Thank you for paying attention to my posting. I came into a strange problem when I tried to estimate a DSGE model with Bayesian estimation method. I first calibrate the model and the results for the calibrated model seem okay. So then I used this model and the same parameters to do the Bayesian estimation, specifically, I set the initial values in the estimation part equal to the parameter values in the calibrated model. But a strange problem just came---Dynare was repeatedly outputting a set of graphs for the prior distributions of parameters while without doing the estimation or giving any error message.
My mod.file and dataset are attached. I am new to Dynare and really looking forward to some help. Any suggestion will be quite appreciated!
(I use dynare 4.4.2)