Good morning . I use the model of Gali and Monacelli (2005) but with some modifications . I have obtain this message
ERROR: There are 42 equations but 37 endogenous variables!
??? Error using ==> dynare at 114
DYNARE: preprocessing failed
My question is :In some modefile I see that the number of endogenous variables can be inferior to the number of equation.
*I don't have 42 equations but 21 equations and not 37 endogenous variables but insteas 15.. what is my fault.Please answer me.Thank you
Dynare forums
Forums for asking questions, posting comments and uploading examples related to Dynare
DYNARE: preprocessing failed
Forum rules
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.
2 posts
• Page 1 of 1
DYNARE: preprocessing failed
by selima » Thu Jul 18, 2013 9:06 am
- Attachments
-
NK_GM052.mod- (9.79 KiB) Downloaded 54 times
- selima
- Posts: 46
- Joined: Thu Jan 10, 2013 5:13 pm
Re: DYNARE: preprocessing failed
by jpfeifer » Thu Jul 18, 2013 11:20 am
Having fewer equations than variables is only possible if you do optimal policy computations. This is not the case in your current setup. The reason that you are shown more equations than are entered is due to Dynare creating auxiliary equations for lags/leads larger than 1.
In your model the problem derives from the interest equation from the model database. The variable interest does not appear anywhere else. It seems like this equation is redundant. Check with the original paper how the model is closed.
In your model the problem derives from the interest equation from the model database. The variable interest does not appear anywhere else. It seems like this equation is redundant. Check with the original paper how the model is closed.
- jpfeifer
- Posts: 6940
- Joined: Sun Feb 21, 2010 4:02 pm
- Location: Cologne, Germany
2 posts
• Page 1 of 1
Who is online
Users browsing this forum: No registered users and 8 guests