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Fval obtained by the minimization routine (minus the posterior/likelihood)): -339.518149
RESULTS FROM POSTERIOR ESTIMATION
parameters
prior mean mode s.d. prior pstdev
psi_db 0.165 0.0447 NaN gamm 0.1250
psi_dh 0.120 0.0000 NaN gamm 0.1250
psi_k 1.166 1.1289 NaN gamm 0.5000
psi_m 0.173 0.8743 NaN gamm 0.1250
psi_a 0.396 0.2824 NaN gamm 0.1250
psi_h 0.892 0.3710 NaN gamm 0.5000
rho_b 0.219 0.1578 NaN beta 0.1000
rho_m 0.250 0.5014 NaN beta 0.1000
rho_TB 0.925 0.9890 NaN beta 0.1000
standard deviation of shocks
prior mean mode s.d. prior pstdev
epsilon_TB_I 0.004 0.0017 NaN invg 0.0250
As you can see
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psi_dh
ran to 0, which may be due to the prior with an asymptote at 0.