Hi,
I estimated a DSGE model using dynare. In order to check the results, I use the posterior mean of the estimated parameter values as the initial value of the model, and do steady; check; and stoch_simul; command without estimation. But Dynare reports error: The jacobian matrix evaluated at the steady state is complex. Does that mean the posterior mean does not make any sense and the estimation process is wrong? Is there any way to correct it?
Thank you,
Ji
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Posterior mean doesn't pass steady check command
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Posterior mean doesn't pass steady check command
by jill1009 » Sun Mar 06, 2011 7:46 pm
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Re: Posterior mean doesn't pass steady check command
by SébastienVillemot » Mon Mar 21, 2011 11:21 am
Hard to tell without more details. Please post your MOD-file.
Sébastien Villemot
Economist at OFCE – Sciences Po
Economist at OFCE – Sciences Po
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