Dynare forums

Dear Federico

Did you change some of the initial values? or do you suggest me to change some of the values?

I couldn't find any change in initial values from your attached mod file.

Thank you again!

Best
Seungcheol

As long as you are not estimating parameters that create a dependency, you should be fine. It is nevertheless recommended to not program a mod-file like this, because you often forget to properly keep track of which parameters can be estimated and which cannot.