Hi, there: is there some functionality in dynare that I can check if the prior is good enough, say, not easy to run into unadmissable region by the DSGE model (indeterminacy of non-stable equilibrum)? I am running a model that the mean of prior is OK, since I can generate some reasaonabl IRFs, but the estimation step stops due to bad gradient.
Thanks in advance.
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Checking Prior Draws in Dynare
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As Dynare 4 is the current Dynare version, there forum is now close. Post new question in the Dynare Help Forum.
As Dynare 4 is the current Dynare version, there forum is now close. Post new question in the Dynare Help Forum.
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Checking Prior Draws in Dynare
by bigbigben » Wed Mar 04, 2009 5:42 pm
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