Dear all, My bayesian estimation went wrong. When I used Dynare to run my mod file, there were some bad results: Error in computing likelihood for initial parameter values Initial value of the log posterior (or likelihood): -Inf ========================================================== Change …

See e.g. [image] Efficient quantity General DSGE Modeling You have stochastic singularity. Most probably, there is an exact linear combination between your observables implied by the model. Try dropping e.g. o from the observables

Peoblems about bayesian estimation

Estimation ML/Bayesian estimation

jpfeifer August 1, 2024, 6:00am 4

See e.g.