diff --git a/matlab/dynare_estimation_init.m b/matlab/dynare_estimation_init.m index bddfbaa0cd7beef0ee5697ab742d44f9c72c9e08..a1b61eb3f1f4a7b25dd730c159e33cfe8f697b7e 100644 --- a/matlab/dynare_estimation_init.m +++ b/matlab/dynare_estimation_init.m @@ -93,12 +93,6 @@ elseif isempty(options_.qz_criterium) options_.qz_criterium = 1+1e-6; end -% If the data are prefiltered then there must not be constants in the -% measurement equation of the DSGE model or in the DSGE-VAR model. -if options_.prefilter == 1 - options_.noconstant = 1; -end - % Set options related to filtered variables. if ~isequal(options_.filtered_vars,0) && isempty(options_.filter_step_ahead) options_.filter_step_ahead = 1; @@ -478,7 +472,7 @@ dataset_ = initialize_dataset(options_.datafile,options_.varobs,options_.first_o options_.nobs = dataset_.info.ntobs; -% setting noconstant option +% setting steadystate_check_flag option if options_.diffuse_filter steadystate_check_flag = 0; else @@ -498,4 +492,13 @@ if all(abs(oo_.steady_state(bayestopt_.mfys))<1e-9) options_.noconstant = 1; else options_.noconstant = 0; -end \ No newline at end of file + % If the data are prefiltered then there must not be constants in the + % measurement equation of the DSGE model or in the DSGE-VAR model. + if options_.prefilter == 1 + fprintf('\nestimation_init: You have specified the option "prefilter" to demean your data,\n') + fprintf('estimation_init: but your observation equations are not mean zero. Either change your observation\n') + fprintf('estimation_init: equation or drop the prefiltering.\n') + error('The option "prefilter" is inconsistent with the non-zero mean measurement equations in the model.') + end +end +