Estimation result

[seddiki]

Greetings to all professors and researchers
Please let me know if these results are correct or something is wrong

[jpfeifer]

Nothing here looks right, but without the files it is impossible to tell.

[seddiki]

interaction.mod (9.0 KB)
thank you professor

[jpfeifer]

The data is missing.

[seddiki]

dataaglog HP+log.xlsx (44.4 KB)
yes

[jpfeifer]

Your data treatment is wrong. All model variables are mean zero, but it’s not true for the data.

[seddiki]

I had annual data brut from 1970 to 2019 that I converted into quarterly data, then I processed it through a Hodrick–Prescott filter and in the end I entered it into the logarithm.
Where is the error please, thank you very much

[jpfeifer]

You need to log before filtering. Also, never use a two-sided HP filter for estimation. See Pfeifer(2013): “A Guide to Specifying Observation Equations for the Estimation of DSGE Models” . If you must, use the one-sided HP filter.

[seddiki]

dataag_s.xlsx (39.2 KB)
I did what you asked me is this data correct
Thank you very much

[jpfeifer]

This looks a lot better.

[seddiki]

Thank you very much professor for the help
Are these new results good or there is still a problem

[jpfeifer]

There is still a problem here. Why are the likelihood curves non-smooth?

[seddiki]

I don’t know where the problem is, I tried all possible solutions

[jpfeifer]

Then please provide the updated files.