Dear all,
i'm trying to run a new keynesian model with endogenous capital accumulation. As i want to see the effecty by shocks on all variables, i don't use a three equation specification (as fe. Gali), but specify all equations.
Running the model yields the following error code:
Starting Dynare (version 4.1.3).
Starting preprocessing of the model file ...
ERROR: erweitertesModell.mod:63.120: character unrecognized by lexer
Can anybody help me? I'm quite new in using Dynare, maybe i also made a mistake by extending the simple basic model by endogenous capital accumulation
Thank you!
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Problem with new keynesian model
by John123 » Fri Jan 28, 2011 2:15 pm
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Re: Problem with new keynesian model
by jpfeifer » Sat Jan 29, 2011 9:07 am
Hi,
as the error says, there is a mistake in line 63, column 120. You wrote "r k" as "r k". If you correct this mistake Dynare will tell you that there is also a wrong bracket in this equation. Moreover, do not uncomment the steady command and set order to 1 in stoch_simul as otherwise the large variance of your shocks will most probably lead to explosive behavior (or decrease the shock size).
as the error says, there is a mistake in line 63, column 120. You wrote "r k" as "r k". If you correct this mistake Dynare will tell you that there is also a wrong bracket in this equation. Moreover, do not uncomment the steady command and set order to 1 in stoch_simul as otherwise the large variance of your shocks will most probably lead to explosive behavior (or decrease the shock size).
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Re: Problem with new keynesian model
by John123 » Tue Feb 01, 2011 7:47 am
Hi,
ah ok i think, i found the error. Thank you very much for your help.
ah ok i think, i found the error. Thank you very much for your help.
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- Joined: Fri Dec 03, 2010 10:39 am
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