Troubles using the Identification command and mh_autocorrelation_function in bayesian estimation of the Laubach and Williams (2003) model

Estimation ML/Bayesian estimation
2
  1. Your model is I(2), that’s why even with the diffuse filter there are NaN. @wmutschl might want to have a look.
  2. Please make sure the model runs with simulations before moving on. Your steady state file was wrong. Here is a working model LW_NIC.mod (5.5 KB)
  3. See Bayesian estimation has a problem for fixing your observation equations.
1 Like