Diffrence between modes in posteriors and priors

hi all
I’m estimating an open macro economy model. I’m using the posterior mode optimization routine mode_compute=6. but modes values in posteriors are very higher than modes values in priors.Does the data need to be reviewed?
Thank you very much
sara.mod (1.97 KB)

Given the large posterior shock variances, there is most likely something wrong with the observation equation. See Pfeifer(2013): “A Guide to Specifying Observation Equations for the Estimation of DSGE Models” on how to correctly map data and model variables.

Thank you very much