Strange crashes in evaluating priors


I’ve got this error message

[quote]Error in computing likelihood for initial parameter values
??? Error using ==> print_info
This case shouldn’t happen. Contact the authors of Dynare

Error in ==> initial_estimation_checks at 87

Error in ==> dynare_estimation at 302

Error in ==> nawm_fin_linear at 1446

Error in ==> dynare at 102
evalin(‘base’,fname) ;[/quote]

Here I’m using Dynare 4.0.2 on Windows. The error is triggered by changing the prior for some parameters from

xi_W1 , 0.765 , BETA_PDF, 0.75 , 0.05;


xi_W1 , 0.765 , BETA_PDF, 0.5 , 0.1;

(and similarly for other parameters, i.e. same change of mean and variance but different initial value, though always btw 0 and 1).

When I changed to mean=0.6 and variance=0.1^2, the error was about initial values being outside ranges.

Any reason for this behaviour?

Thanks and regards