I'm trying to run identification. I get the following error:
Parameter error:
The model does not solve for prior_mean with error code info = 3
Identification stopped
Can anyone please tell me what this means?
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Error in identification
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Error in identification
by fabiac » Fri Feb 08, 2013 4:38 pm
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Re: Error in identification
by jpfeifer » Sat Feb 09, 2013 12:27 pm
Please post or send me the mod-file.
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Re: Error in identification
by jpfeifer » Sun Feb 10, 2013 9:50 am
Error 3 is: 'Blanchard Kahn conditions are not satisfied: no stable equilibrium'
Error 4 is: 'Blanchard Kahn conditions are not satisfied: indeterminacy'
As these messages refer to the prior mean, your prior mean does not or not uniquely solve the model.
Error 4 is: 'Blanchard Kahn conditions are not satisfied: indeterminacy'
As these messages refer to the prior mean, your prior mean does not or not uniquely solve the model.
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Re: Error in identification
by fabiac » Sun Feb 10, 2013 4:32 pm
Thanks a lot. Since the routine crashes because of these errors, is there any way I can make it run without changing the priors?
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