Dear Professor Pfeifer
I’m using OSR after DSGE estimation and get the following warning:
OPTIMAL SIMPLE RULE
OSR: Initial value of the objective function: 13.8594
Warning: Initial point was out of bounds, corrected
In cmaes (line 581)
In dynare_minimize_objective (line 429)
In osr1 (line 126)
In osr (line 63)
In mofis.driver (line 415)
In dynare (line 293)
Though the message mentions “corrected” I’m still worried about the validity of the results. Besides, if the warning must not be ignored, may you provide suggestion(s) to avoid the problem?
Thank you in advance for your help.