Neutral interest rate mode optimization problem

Estimation ML/Bayesian estimation

jpfeifer August 28, 2022, 11:58am 2

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Dynare Estimation: help ML/Bayesian estimation

Your observation equation is wrong. You are trying to match mean 0 model variables to non-mean 0 data. See Pfeifer(2013): “A Guide to Specifying Observation Equations for the Estimation of DSGE Models”

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