From 1763855225f4bbda8a71d3d3f3ef8f9074c254d3 Mon Sep 17 00:00:00 2001 From: =?UTF-8?q?St=C3=A9phane=20Adjemian=20=28Charybdis=29?= Date: Thu, 14 Jun 2012 14:49:10 +0200 Subject: [PATCH] Consider the effective number of structural innovations in initial_estimation_checks routine. Some of the declared structural innovations may have been calibrated with a zero variance. --- matlab/initial_estimation_checks.m | 6 +++++- 1 file changed, 5 insertions(+), 1 deletion(-) diff --git a/matlab/initial_estimation_checks.m b/matlab/initial_estimation_checks.m index 91b59e6e3..08926fae8 100644 --- a/matlab/initial_estimation_checks.m +++ b/matlab/initial_estimation_checks.m @@ -31,7 +31,11 @@ function DynareResults = initial_estimation_checks(objective_function,xparam1,Dy % along with Dynare. If not, see . if DynareDataset.info.nvobs>Model.exo_nbr+EstimatedParameters.nvn - error(['initial_estimation_checks:: Estimation can''t take place because there are less shocks than observed variables!']) + error(['initial_estimation_checks:: Estimation can''t take place because there are less declared shocks than observed variables!']) +end + +if DynareDataset.info.nvobs>find(diag(Model.Sigma_e))+EstimatedParameters.nvn + error(['initial_estimation_checks:: Estimation can''t take place because too many shocks have been calibrated with a zero variance!']) end % check if steady state solves static model (except if diffuse_filter == 1)