Error in computing likelihood for initial parameter values

This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location where you will have to reset your password.
Forum rules
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.

Error in computing likelihood for initial parameter values

Postby fsalce » Sun Jul 02, 2017 2:29 am

Hey, i can't run this model with bayesian estimation. I can not find out what the problem is, throw this error:

Error in computing likelihood for initial parameter values

ESTIMATION_CHECKS: There was an error in computing the likelihood for initial parameter values.
ESTIMATION_CHECKS: You should try using the calibrated version of the model as starting values. To do
ESTIMATION_CHECKS: this, add an empty estimated_params_init-block with use_calibration option immediately before the estimation
ESTIMATION_CHECKS: command (and after the estimated_params-block so that it does not get overwritten):


I hope someone can help me. Thanks
Attachments
tarea4.mod
(2.44 KiB) Downloaded 51 times
data_t4.m
(2.99 KiB) Downloaded 44 times
fsalce
 
Posts: 1
Joined: Sat Jul 01, 2017 3:00 pm

Re: Error in computing likelihood for initial parameter valu

Postby jpfeifer » Sun Jul 02, 2017 10:26 am

This is most probably a timing error. Please see Remark 2 (Using stoch_simul before Estimation) in Pfeifer(2013): "A Guide to Specifying Observation Equations for the Estimation of DSGE Models" https://sites.google.com/site/pfeiferec ... ations.pdf.
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
Posts: 6940
Joined: Sun Feb 21, 2010 4:02 pm
Location: Cologne, Germany


Return to Dynare help

Who is online

Users browsing this forum: Google [Bot] and 12 guests