Dear Professor,

Some mode check plots generated by my model look different. See etals for example.

Also, I see mode check plots of some other variables with a horizontal posterior likelihood function. So, prior and posterior are the same.

In addition, my results are wrong because I get negative values for Yu (the informl_economy_size), which cannot be negative.

I’m trying to understand if there’s an error in my steady-state file that I haven’t found yet. Could you please guide me in finding out any possible errors?

Thank you!

model_estimation_CheckPlots1.pdf (7.8 KB)

model_estimation_CheckPlots2.pdf (8.4 KB)

model_estimation_CheckPlots3.pdf (6.5 KB)

data_model1.mat (2.9 KB)

model_estimation.mod (8.3 KB)

model_estimation_steadystate.m (2.5 KB)

obs_ss.m (725 Bytes)

parameters.mat (1.5 KB)