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,ys,trend_coeff,info] = DsgeVarLikelihood(xparam1,gend);
else
[fval,cost_flag,ys,trend_coeff,info] = DsgeLikelihood(xparam1,gend,data);
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)]);