I am trying to the DSGE model of Cho and Moreno (JMCB), provided by Philip Liu, on euro area data. However, Dynare is giving the following error:
??? Error using ==> chol
Matrix must be positive definite.
Error in ==> metropolis_hastings_initialization at 52
d = chol(vv);
Error in ==> random_walk_metropolis_hastings at 43
[ ix2, ilogpo2, ModelName, MhDirectoryName, fblck, fline, npar, nblck, nruns, NewFile, MAX_nruns, d ] = ...
Error in ==> dynare_estimation_1 at 1023
feval(options_.posterior_sampling_method,'DsgeLikelihood',options_.proposal_distribution,xparam1,invhess,bounds,gend,data,...
Error in ==> dynare_estimation at 62
dynare_estimation_1(var_list,varargin{:});
Error in ==> moreno_mcmc at 164
dynare_estimation(var_list_);
Error in ==> dynare at 125
evalin('base',fname) ;
I am attaching the .mod file and the data. Any help?
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Problems with Bayesian estimation
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Problems with Bayesian estimation
by bmicallef » Mon Sep 20, 2010 7:19 pm
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Re: Problems with Bayesian estimation
by jpfeifer » Tue Sep 21, 2010 7:10 am
Search the forum and you will find many answers, see e.g. http://www.dynare.org/phpBB3/viewtopic.php?f=1&t=2580
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