Poor estimation results?

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Poor estimation results?

Postby econ86 » Wed Apr 26, 2017 12:40 pm

Dear Dynare users,

what do you think about the estimation results found in the attachment? We can see that for the majority of the parameters, the variance of the posterior is greater compared to the prior distribution, indicating that data are not quite informative. Am I right?
Attachments
Results.pdf
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econ86
 
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Re: Poor estimation results?

Postby jpfeifer » Wed Apr 26, 2017 5:05 pm

You need to provide more information, i.e. prior-posterior plots and mode_check plots
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
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