Dear Johannes,
Could you please look at my mode check plot and priors and posteriors plot?
I use mode_compute 4,6,9 to find mode until the log posterior density does not improve(keep unchanged) , however, rhoa (persistence of transitory technology shock) always reaches that large (0.997-0.998) after those several rounds of mode finding. And measurement error just a straight upwards line.
After I run the MCMC, rhoa and measurement error both hit the upper bond. And when I use mode_compute=9 to run MCMC, rhoa and measurement error do not converge, however when I use mode_compute= 4 or 6, all converge.
Could you give me any suggestions? Thanks a lot!
Catherine
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prior and posterior
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prior and posterior
by DW916 » Fri Mar 18, 2016 6:11 am
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Re: prior and posterior
by jpfeifer » Fri Mar 18, 2016 8:28 am
Given that both rhoa and rhop go to 1 I would think your observation equation is still wrong, usually a constant term that is not accounted for.
Regarding measurement error: try what happens when you lift the upper bound.
Regarding measurement error: try what happens when you lift the upper bound.
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