Hello all,
I was wondering if someone could help me.
I did simulate a New keynesian model from Gali's book and the routine work well, but when i tried to extend my work with bayesian estimation and i get this error: MJDGGES returns the following error code: 6
The mod file is attached.
Thanks a lot.
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MJDGGES returns the following error code: 6
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MJDGGES returns the following error code: 6
by marcel » Wed Feb 09, 2011 10:18 pm
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bayesianNK.mod- (2.3 KiB) Downloaded 89 times
- marcel
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Re: MJDGGES returns the following error code: 6
by jpfeifer » Thu Feb 10, 2011 8:46 am
Most of your parameters (like beta) are not correctly initialized before running the check; command. Put steady; before check; and you will see that you try to test the BK-conditions at a steady state that cannot be computed. Only later on in the mod-file are the parameters initialized by the estimation starting values.
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Re: MJDGGES returns the following error code: 6
by marcel » Thu Feb 10, 2011 6:13 pm
Thanks a lot jpfeifer
it is working now!
it is working now!
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