Hi professor, I was trying to estimate the parameters, but came across following issues.
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What does those red dots mean and why this happen? Does that mean something wrong with my estimation ? (I already added prior_trunc=0);
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Why bayes_irf graph has no confidence band? Also the pst s.d. are zeros for all shocks. Is that feasible?
Uploading: 2022-08-25 14.58.36.png…
- The posterior mean is very close to prior mean. Is that possible? Does that mean that there is something wrong with my model?
I am uploading my files for your reference. Thank you very much for your help.
test.zip (82.2 KB)