20 Sep
2015
20 Sep
'15
1:59 p.m.
In dsge_likelihood, there are several instances of penalty set to 100 (or 1) when there is no way to compute an amount proportional to the violation.
Such values seem large to me and of nature of creating cliffs in the objective function. It seems that a value such as 0.1 should be sufficient as it is always added to the last accepted value of the objective function.
What do you think?
--
Michel Juillard