dynare/matlab/initial_estimation_checks.m

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Matlab
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function initial_estimation_checks(xparam1,gend,data)
global dr1_test bayestopt_ estim_params_ options_ oo_ M_
nv = size(data,1);
if nv-size(options_.varobs,1)
disp(' ')
disp(['Declared number of observed variables = ' int2str(size(options_.varobs,1))])
disp(['Number of variables in the database = ' int2str(nv)])
disp(' ')
error(['Estimation can''t take place because the declared number of observed' ...
'variables doesn''t match the number of variables in the database.'])
end
if nv > M_.exo_nbr+estim_params_.nvn
error(['Estimation can''t take place because there are less shocks than' ...
'observed variables'])
end
r = rank(data);
if r < nv
error(['Estimation can''t take place because the data are perfectly' ...
' correlated']);
end
if ~isempty(strmatch('dsge_prior_weight',M_.param_names))
[fval,cost_flag,info] = DsgeVarLikelihood(xparam1,gend);
else
[fval,cost_flag,ys,trend_coeff,info] = DsgeLikelihood(xparam1,gend,data);
end
% when their is an analytical steadystate, check that the values
% returned by *_steadystate match with the static model
if options_.steadystate_flag
[oo_.steady_state,check] = feval([M_.fname '_steadystate'],...
oo_.steady_state,...
[oo_.exo_steady_state; ...
oo_.exo_det_steady_state]);
% Check if the steady state obtained from the _steadystate file is a
% steady state.
check1 = 0;
if isfield(options_,'unit_root_vars')
if isempty(options_.unit_root_vars)
check1 = max(abs(feval([M_.fname '_static'],...
oo_.steady_state,...
[oo_.exo_steady_state; ...
oo_.exo_det_steady_state]))) > options_.dynatol ;
if check1
error(['The seadystate values returned by ' M_.fname ...
'_steadystate.m don''t solve the static model!' ])
end
end
end
end
if info(1) > 0
disp('Error in computing likelihood for initial parameter values')
print_info(info)
end
disp(['Initial value of the log posterior (or likelihood): ' num2str(-fval)]);