problem of Bayesian estimation for a DSGE model

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problem of Bayesian estimation for a DSGE model

Postby ecoyu » Fri Mar 13, 2015 3:03 am

Dear all

Thank you for paying attention to my posting. I came into a strange problem when I tried to estimate a DSGE model with Bayesian estimation method. I first calibrate the model and the results for the calibrated model seem okay. So then I used this model and the same parameters to do the Bayesian estimation, specifically, I set the initial values in the estimation part equal to the parameter values in the calibrated model. But a strange problem just came---Dynare was repeatedly outputting a set of graphs for the prior distributions of parameters while without doing the estimation or giving any error message.

My mod.file and dataset are attached. I am new to Dynare and really looking forward to some help. Any suggestion will be quite appreciated!

(I use dynare 4.4.2)
Attachments
housing_seven_shocks1.xls
(93.5 KiB) Downloaded 58 times
housing_seven_shocks2.mod
(9.18 KiB) Downloaded 44 times
ecoyu
 
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Re: problem of Bayesian estimation for a DSGE model

Postby jpfeifer » Sun Mar 15, 2015 5:16 pm

Typically, this happens when you name your data file the same way as an already existing mod-file.
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
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Location: Cologne, Germany

Re: problem of Bayesian estimation for a DSGE model

Postby ecoyu » Sun Mar 15, 2015 10:55 pm

Professor Pfeifer

Thank you so much for your suggestion! It works now!
ecoyu
 
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