Dear Johannes,
Thank you very much for your help last time, I am grateful.
I have done my identification part of DSGE model,
I would like to know what does the following sentence mean in Dynare output:
Parameter error:
The model does not solve for prior_mean with error code info = 46
and the following is my identification output:
There are 15 eigenvalue(s) larger than 1 in modulus
for 15 forward-looking variable(s)
The rank condition is verified.
==== Identification analysis ====
Testing prior mean
Evaluating simulated moment uncertainty … please wait
Doing 252 replicas of length 300 periods.
Simulated moment uncertainty … done!
Parameter error:
The model does not solve for prior_mean with error code info = 46
Try sampling up to 50 parameter sets from the prior.
Evaluating simulated moment uncertainty … please wait
Doing 252 replicas of length 300 periods.
Simulated moment uncertainty … done!
All parameters are identified in the model (rank of H).
All parameters are identified by J moments (rank of J)
Monte Carlo Testing
Testing MC sample
All parameters are identified in the model (rank of H).
All parameters are identified by J moments (rank of J)
==== Identification analysis completed ====
Thank you very much and look forward to hearing from you.
Best wishes,
Jesse