I’m requesting help with an error that is generated when attempting to do the conditional FEVD for my model on Dynare v. 4.5.7. I’m encountering the following errors:
- The FEVD is identical at all horizons.
- The FEVD is only computed when I enter one period. I enter multiple periods as follows:
estimation(datafile = K2021_DATA_EXP, nograph, nodiagnostic, mode_compute=0, mode_file = K2021_BASE_EXP_mode, mh_replic = 0, mh_nblocks = 2, mh_jscale = 0.3, mh_drop = 0.25, load_mh_file, moments_varendo, conditional_variance_decomposition = [1 2 4]) Y PI_OBS i_OBS;
The following error is generated:
Any advice on how I can rectify these two errors? I’ve attached my mod file below. Please let me know if I can provide any further information.
K2021_BASE_EXP.mod (8.5 KB)