AI Dynare DSGE Model

General DSGE Modeling
1

I am working on a project to build AI macroeconomists, so I had chatGPT build me a DSGE model for the purposes of the project, but I am still not able to run this model, I get the following error when i run using Octave:

ERROR: There are 33 equations but 34 endogenous variables!

I am not sure how to deal with this as I am not an economist and come from an AI background. Would appreciate some guidance on this, please find my model attached.

Thank you!
frbus_like_model_estimated.mod (12.5 KB)

2

This means chatGPT did not provide you with a full model. That is a typical issue I encountered when playing around with LLMs. My hunch is that the training data did not contain sufficiently many models.
There is no easy fix except starting from scratch to find out what is going on. PhD economists often struggle with things like this in large models. With no prior training in economics, I doubt you will find a solution.