Dynare forums

Hi everyone,

Just a small suggestion for improving the error message "Initial parameter values are outside parameter bounds".

Currently, Dynare 4.0.4 prints numbers corresponding to the parameters that are being initialised outside their prior bounds. I've found it a bit more useful to delete lines 108 and 109 of dynare\4.0.4\matlab\dynare_estimation_1.m, and replace them with these lines:

Code: Select all

   too_low = find(xparam1 < bounds(:,1));
   too_high = find(xparam1 > bounds(:,2));
   ipp = estim_params_.nvx+estim_params_.nvn+estim_params_.ncx+estim_params_.ncn+1;
   for j = 1:length(too_low)
      ip = too_low(j);
      if(ip >= ipp)
         fprintf('%s is %f, but should be above %f\n', bayestopt_.name{ip}, xparam1(ip), bounds(ip,1));
      else
         fprintf('%s is %f, but should be above %f\n', deblank(M_.exo_names(estim_params_.var_exo(ip,1),:)),...
                         xparam1(ip), bounds(ip,1));
      end
   end
   for j = 1:length(too_high)
      ip = too_high(j);
      if(ip >= ipp)
         fprintf('%s is %f, but should be below %f\n', bayestopt_.name{ip}, xparam1(ip), bounds(ip,2));
      else
         fprintf('%s is %f, but should be below %f\n', deblank(M_.exo_names(estim_params_.var_exo(ip,1),:)),...
                         xparam1(ip), bounds(ip,2));
      end
   end
   fprintf('\n\n');


Hope that's helpful....

Jamie

it works for dynare 4.1.1 also. thank you