Hi,
I am trying to run the example Dynare++ mode file by inputting "Dynare++ [example.mod]" into the Matlab command window as advised. However, Matlab gives the error:
"Error using dynare
Too many output arguments"
The example file provided is below. Can someone help?
Thanks very much,
Ana
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// Dynare ++ Example file taken from website
var C G K TAU Z;
varexo EPS;
parameters eta beta alpha delta phi a rho;
eta = 2;
beta = 0.99;
alpha = 0.3;
delta = 0.10;
phi = 2.5;
a = 0.1;
rho = 0.7;
planner_objective C^(1-eta)/(1-eta) + a*G^(1-phi)/(1-phi);
planner_discount beta;
model;
K = (1-delta)*K(-1) + (exp(Z(-1))*K(-1)^alpha - C(-1) - G(-1));
G = TAU*alpha*K^alpha;
Z = rho*Z(-1) + EPS;
C^(-eta) = beta*C(+1)^(-eta)*(1-delta +
exp(Z(+1))*alpha*K(+1)^(alpha-1)*(1-alpha*TAU(+1)));
end;
initval;
TAU = 0.70;
K = ((delta+1/beta-1)/(alpha*(1-alpha*TAU)))^(1/(alpha-1));
G = TAU*alpha*K^alpha;
C = K^alpha - delta*K - G;
Z = 0;
order = 4;
vcov = [
0.01
];