Dear all,
Attached file has some graphs for mode check. mvarphi_i is the lag coefficient of nominal interest rate. I think something is going wrong with that. I used to get proper graph for this parameter earlier. But, after some modifications to model equations, observables and some parameters I started getting this kind of graph. I couldn't trace the actual problem. Is it alarming something? What could be the reason and how can I improve this? The model converges and the acceptance ratio is also at the reasonable range of 0.20-0.30. Identification command also indicates that all parameters are identified.
Please advise.
Sujee
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mode check graph
by sujee2sujee » Thu Aug 07, 2014 3:09 am
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Re: mode check graph
by jpfeifer » Thu Aug 07, 2014 6:49 am
Notice the different scaling on the axis. It seems everything is fine and you are disturbed by the really unlikely values when the feedback goes to 1.
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Re: mode check graph
by sujee2sujee » Thu Aug 07, 2014 10:35 am
Thank you. I didn't realize the change in scale.
Sujee
Sujee
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