Dear all,
I am estimating an NK model with cost-push, productivity, money growth and intertemporal preference shocks. I have attached the mode check plots and would appreciate if I could get feedback on them, specially regarding those associated to the parameters rho_alp, SE_z_alp, and rho, as I see that the for these parameters the estimated mode is not necessarily at the maximum of the posterior likelihood.
Thanks in advance.mode_check_nk.pdf (8.9 KB)