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Unexpected error, syntax, Name
Posted:
Mon Feb 27, 2012 1:56 pmby msh855
Hi can somebody help me with this code.
I cannot understand what is wrong. I will highly appreciate your soonest replies.
I am also attaching the file.
cheers
Re: Unexpected error, syntax, Name
Posted:
Tue Feb 28, 2012 9:53 amby jpfeifer
ERROR: NKmodel.mod:23.18: syntax error, unexpected NAME
As Dynare explicitly says: there is an error in line 23, column 18. A * is missing. Moreover, your steady state starting values are poor and Dynare can't find the steady state.
Re: Unexpected error, syntax, Name
Posted:
Tue Feb 28, 2012 12:38 pmby msh855
Thank you a lot. I just now begun to use dynare.
Can you please advice what's the best for figuring out the s.s values ?? I have an example of this code that do not include any initial states. what do they do differently ?? Can i do the same ? I am attaching this code.
I will highly appreciate any response.
Re: Unexpected error, syntax, Name
Posted:
Tue Feb 28, 2012 1:31 pmby jpfeifer
The best way always is to compute the steady state by hand. In the attached mod-file, the model was log-linearized so that all SS values are 0. Hence, Dynare's default initial values of 0 are sufficient. Note that in case of log-linearization you need to compute the SS values as they enter the parameters.