A Baseline DSGE Model-----an error

[lyc]

The model is based on the Baseline DSGE model of the Jesus Fernandez, and I change it to use the Bayesian estimation. But there are the following errors:
Optimization terminated: no further progress can be made.
Trust-region radius less than 2*eps.
Problem may be ill-conditioned or Jacobian may be inaccurate.
Try using exact Jacobian or check Jacobian for errors.
??? Error using ==> print_info at 36
MJDGGES returns the following error code: 26

Error in ==> check at 51
print_info(info, options_.noprint);

Error in ==> BaselineDSGE at 233
check;

Error in ==> dynare at 132
evalin('base',fname) ;

If anyone know the cause of the error,please tell me, thanks very much.

[jpfeifer]

In your steady state file, ld canot be computed in the fsolve step. The reason seems to be that the initial values is not feasible, suggesting there is still a mistake somewhere in the steady state file.

[simonhu]

I suffer difficulties to get the vpt equation in page 15 of a baseline dsge model . Could someone help to show how to get the equation vpt=thetap*()*vpt-1+.....,Thank u very much !

[jpfeifer]

See the baseline model in the Dynare examples Folder and the appendix to the paper cited therein.