Model identification graph

Identification/Sensitivity
1

Dear all:
I am a new user for DYNARE. I try to model a DSGE model with Bayesian estimation. After using “identification(ar=10)”, I got the following messages. It seems that the identification process is OK.

All parameters are identified in the model (rank of H).

All parameters are identified by J moments (rank of J).

And, when I check the “Identification strength with asymptotic Information matrix”, I find that PHIB, XW1SS, XW2SS are 0 (both relative to param value and relative to prior std).

I check the mode check plots, it seems OK for PHIB, XW1SS, and XW2SS.

Then, I see the trace plots, it seems OK for PHIB, XW1SS, and XW2SS, too.

Are the Bayesian estimation for the 3 parameters (PHIB, XW1SS, and XW2SS) OK?

Would someone help me to check the graphs below?

Thank you very much.

Paul

pic.zip (565.5 KB)

2

Identification seems fine. The values are not 0, but not displayed at all.

3

Dear Professor Jpfeifer

Thank you very much for your kindly advise.

Paul