I’ve been unable to run it using bayesian estimation, and I’ve been having the following problem, which is my run interface problem. Residuals of the static equations: Equation number 1 : NaN Equation number 2 : NaN Equation number 3 : NaN Equation number 4 : NaN Equation number 5 : NaN Equat…

Check your observation equations and add a steady_state_model-block for the non-zero variables. Also not that y has steady state 0. So taking the log of it will not work.

Dear professor, thank you for your answer.But I also have a question, in the above code base I modified the code.But there’s a problem. Here’s my error message. initial_estimation_checks:: The forecast error variance in the multivariate Kalman filter became singular. initial_estimation_checks:: T…

I cannot run your code due to strange characters in the code. Please upload both the mod-file and the data file

those are my mod-file and the data file. sysj2.xlsx (15.8 KB) bys2.mod (2.6 KB)

You are working with trending data. That cannot work. [image] Bringing model to the data ML/Bayesian estimation Please first read Pfeifer(2013): “A Guide to Specifying Observation Equations for the Estimation of DSGE Models”

Thank you very much for your answer. According to your answer, I have read relevant articles. I took the logarithm of the data and used HP filter to remove the trend.The observation equation was reset.But the ones that are running are still not working.Here’s my question. Residuals of the static eq…

When I run your code, I get Error using initial_estimation_checks (line 145) initial_estimation_checks:: The forecast error variance in the multivariate Kalman filter became singular.

I will upload my file again. Could you please run it in the same way?I’m running the results that I did above bys.mod (2.8 KB) sysj.xlsx (14.7 KB)

You are still having the equation mg_obs=ln(mg); where you are trying to take the log of a variable that is 0 in steady state.

Thank you very much for your help. My program has been running.But my program came up with a warning.I am very confused, so I would like to ask you the reason for this warning and how to adjust it…Here’s my warning. warning: estimation:: MCMC convergence diagnostics are not computed because the tot…

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Bayesian estimation has a problem

Stochastic simulations

jpfeifer 13 January 2020 09:07 7

You are working with trending data. That cannot work.

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