Dear Dynare creators ,
first of all, I would like to appreciate that you come up with this amazing program which allows so many awesome things concerning DSGE which would be difficult and time consuming to program them by ourselfs. Moreover, thank you very much for this forum where you instantly give us advice and solution to our problems even if they are completely stupid.
And I have also one problem. I am estimating my model. I used the identification command and the parameters are completely identified. The mode checks seem fine. The estimated parameters are also reasonable. However, the posterior distributions have very small variance. For many parametres, they look like a line, not a distributrion. What could be wrong? Thank you very much for any suggestion.