Hello, I encountered a problem in the process of Bayesian estimation. The error is as follows.
Using 64-bit preprocessor
Starting Dynare (version 4.5.7).
Starting preprocessing of the model file …
ERROR: hui.mod: line 90, cols 16-17: syntax error, unexpected FLOAT_NUMBER, expecting ‘.’
However, I modified my code according to his prompt, which did not work.
This is my code：
emtimated_params;
gammap,beta_pdf,0.47,0.1;
h,beta_pdf,0.49,0.1;
rho_a,beta_pdf,0.91,0.1;
rho_b,beta_pdf,0.96,0.1;
rho_j,beta_pdf,0.77,0.1;
rho_h,beta_pdf,0.98,0.1;
phi,gamma_pdf,0.47,0.1;
kappa,gamma_pdf,3.99,1.5;
kai,gamma_pdf,0.99,0.1;
rho_pi,gamma_pdf,1.59,0.1;
rho_y,gamma_pdf,0.06,0.1;
stderr eps_a,inv_gamma_pdf,0.02,inf;
stderr eps_b,inv_gamma_pdf,0.19,inf;
stderr eps_j,inv_gamma_pdf,0.09,inf;
stderr eps_h,inv_gamma_pdf,0.14,inf;
stderr eps_r,inv_gamma_pdf,0.04,inf;
end;
Thanks!
Please provide the full code.
Thank you very much for your help, Prof. Pfeifer.I gave my complete code below.
It’s
estimated_params
not
emtimated_params
Thank you very much. I revised what you said and found that there was something wrong with my data. I need to reprocess my data.
That signals an error during plotting. Did you maybe close a figure while it was still being created?
You’re right. I closed a graph while it was still being created. The current error information is my initial value. I am trying to replicate a paper，data and models is right, but Bayesian estimation is still not good. I have added estimated_params_init and set prior_trunc=0,it doesn’t work .I also read the previous Q & A, but I didn’t find a very effective solution.I want to know how to modify it to work.Thank you very much ！
Error in computing likelihood for initial parameter values
ESTIMATION_CHECKS: There was an error in computing the likelihood for initial parameter values.
ESTIMATION_CHECKS: If this is not a problem with the setting of options (check the error message below),
ESTIMATION_CHECKS: you should try using the calibrated version of the model as starting values. To do
ESTIMATION_CHECKS: this, add an empty estimated_params_init-block with use_calibration option immediately before the estimation
ESTIMATION_CHECKS: command (and after the estimated_params-block so that it does not get overwritten):
error in print_info (line 42)
Blanchard Kahn conditions are not satisfied: no stable equilibrium
error in print_info (line 42)
error([‘Blanchard Kahn conditions are not satisfied: no
stable’ …
error in initial_estimation_checks (line 175)
print_info(info, DynareOptions.noprint, DynareOptions)
error in dynare_estimation_1 (line 165)
oo_ =
initial_estimation_checks(objective_function,xparam1,dataset_,dataset_info,M_,estim_params_,options_,bayestopt_,bounds,oo_);
error in dynare_estimation (line 105)
dynare_estimation_1(var_list,dname);
error in hong (line 484)
oo_recursive_=dynare_estimation(var_list_);
error in dynare (line 235)
evalin(‘base’,fname) ;
hong.mod (4.1 KB)
hong_datafile.xlsx (16.8 KB)
If your model has a unit root, you need to set diffuse_filter in estimation.
It really works. Thank you very much for your help！