Hi, I have simulated model (attached) and received NaNs for theoretical moments of all variables but two. For simulation of empirical moments, it works. Is there any bad specification of the model? Should I worry about it?
Thank you for answer. Miroslav
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Theoretical moments are NaNs
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Theoretical moments are NaNs
by miroslav » Fri Feb 12, 2016 11:03 am
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Re: Theoretical moments are NaNs
by jpfeifer » Sat Feb 20, 2016 9:13 am
Your model has a unit root. In this case, the moments to not exist. This is the reason Dynare dispays them as NaN.
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