DSGE and climate change
Hello, I hope you can help me, I am a newbie to DSGE models and I am replicating a model that incorporates climate change into monetary policy, however, I am getting different errors:
WARNING: in the ‘steady_state_model’ block, variable ‘C’ is not assigned a value
WARNING: in the ‘steady_state_model’ block, variable ‘S’ is not assigned a value
ERROR: There are 7 equations but 11 endogenous variables!
I add the code and the paper on which I am basing it, I appreciate your help.
null-001.2023.issue-243-en.pdf (1.2 MB)
cam_cli_proce.mod (2.3 KB)