Mode check graph

Dear all,

Attached file has some graphs for mode check. mvarphi_i is the lag coefficient of nominal interest rate. I think something is going wrong with that. I used to get proper graph for this parameter earlier. But, after some modifications to model equations, observables and some parameters I started getting this kind of graph. I couldn’t trace the actual problem. Is it alarming something? What could be the reason and how can I improve this? The model converges and the acceptance ratio is also at the reasonable range of 0.20-0.30. Identification command also indicates that all parameters are identified.

Please advise.

Doc1.pdf (86.1 KB)

Notice the different scaling on the axis. It seems everything is fine and you are disturbed by the really unlikely values when the feedback goes to 1.

Thank you. I didn’t realize the change in scale.