The posterior mode lies outside the prior bounds.
Posted: Wed Aug 20, 2008 6:21 pmI get the following error when I run estimation:
??? Error using ==> metropolis at 113
MH: The posterior mode lies outside the prior bounds.
Error in ==> dynare_estimation at 778
metropolis(xparam1,invhess,gend,data,rawdata,bounds);
Error in ==> monetary_friction at 283
dynare_estimation(var_list_);
Error in ==> dynare at 26
evalin('base',fname) ;
The posterior modes, as far as I can tell, are all in the bounds; there might be a few that are on the bounds, but they are from a uniform distribution so it shouldn't be a problem. This error does not show up when I use csminwel as my minimization routine. Any ideas?
Thanks in advance!
??? Error using ==> metropolis at 113
MH: The posterior mode lies outside the prior bounds.
Error in ==> dynare_estimation at 778
metropolis(xparam1,invhess,gend,data,rawdata,bounds);
Error in ==> monetary_friction at 283
dynare_estimation(var_list_);
Error in ==> dynare at 26
evalin('base',fname) ;
The posterior modes, as far as I can tell, are all in the bounds; there might be a few that are on the bounds, but they are from a uniform distribution so it shouldn't be a problem. This error does not show up when I use csminwel as my minimization routine. Any ideas?
Thanks in advance!