[DynareDev] Priors

1. When using a beta prior with mean 0.2 and variance 0.5 as in the attached mod-file Dynare warns that the prior has two modes. Nevertheless it continues but then is unable to compute the prior distribution (everything is NaN). Shouldn’t we abort with an error message in this case?

2. The preprocessor warns that “Prior distribution for parameter e_R,e_g has two modes!” Would it be possible to add “corr” before “e_R,e_g”?

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Johannes Pfeifer

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