Replicate Christensen, Dib (2008) using BMR package

Mon, Jan 23, 2017 11:23 AM

Only your pdf attachment made it through. You would need to follow the Posting Guide regarding file types to achieve successful transmission. 

I will say that open-ended debugging of your code does not fit the Posting Guide recommendations either... this is an R language mailing list, not a research assistance mailing list. It might fit in better at stats.stackexchange.com, but even they want a focused question rather than general assistance requests.

Sent from my phone. Please excuse my brevity.

On January 23, 2017 7:09:30 AM PST, Xue Li <xuelimizzou at hotmail.com> wrote:
>Dear all,
>
>
>I am trying to replicate Christensen, Dib (2008)'s estimation results
>using "EDSGE" function in BMR package. Attached are my R code, the data
>I collected and preprocessed, and the paper.
>
>
>I set the priors following the literature (e.g., Smets and Wouters,
>2007). However, when I ran the code, R reported error messages like:
>
>
>Beginning MCMC run, Mon Jan 23 22:42:03 2017.
>Error in chol.default(CovM) :
>  the leading minor of order 2 is not positive definite
>In addition: Warning message:
>In sqrt(parModeHessian) : NaNs produced
>
>I also found that the estimation is sensitive to initial values and/or
>prior settings. I am struggling with debugging the code and hope
>someone could help me out. Thanks!
>
>
>Best,
>
>April

Replicate Christensen, Dib (2008) using BMR package

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