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Fix bug in dynare_estimation_init.m if steady state does not solve #698

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commented Jul 20, 2014

There was no check in dynare_estimation_init.m whether the steady state solved, but the noconstant option was set nevertheless. This gave rise to cases where a steady state file returned 0 for the observables, but the steady state did not exist. Due to later using use_calibration, this problem with the initial values was not detected, but the observation equation featured no constant although it should. The solution is to move the use_calibration option before the first steady state computation and then issue an error if the parameterization does not work

Fix bug in dynare_estimation_init.m if steady state does not solve
There was no check in dynare_estimation_init.m whether the steady state solved, but the noconstant option was set nevertheless. This gave rise to cases where a steady state file returned 0 for the observables, but the steady state did not exits. Due to later using use_calibration, this problem with the initial values was not detected, but the observation equation featured no constant although it should. The solution is to move the use_calibration option before the first steady state computation and then issue an error if the parameterization does not work

@JohannesPfeifer JohannesPfeifer force-pushed the JohannesPfeifer:Fix_steady_state_estimation branch from f98dbc8 to 3c9b031 Jun 8, 2015

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commented Jul 20, 2015

@MichelJuillard @stepan-a Any thoughts on this? This is one of the oldest bugfixes around and #852 still needs to be made compatible with this fix.

MichelJuillard added a commit that referenced this pull request Jul 20, 2015

Merge pull request #698 from JohannesPfeifer/Fix_steady_state_estimation
Fix bug in dynare_estimation_init.m if steady state does not solve

@MichelJuillard MichelJuillard merged commit 9634ff2 into DynareTeam:master Jul 20, 2015

@JohannesPfeifer JohannesPfeifer deleted the JohannesPfeifer:Fix_steady_state_estimation branch Jul 20, 2015

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