Error messages when solving the DSGE model

Installation and Setup
1

Hello,

I am currently using Dynare 4.4.5 & Matlab 2017a to solve a DSGE model. However, the error message below keeps popping out:
“File: baseline_V1_HHlender.m Line: 826 Column: 1
Unexpected MATLAB operator.”

I looked into the HHlender.m Line 826 and found “&&&&&&&&&&&&&&” right below M_.Sigma_e(11,11). Thus ,I manually removed “&&&&&&&&&&&&&&” and saved the m.file. However, “&&&&&&&&&&&&&&” appeared again when I run the program on Dynare.

Would there be any suggestions for this issue? Thanks in advance!

Best,
Suzie

2

Can you post the file?

3

Please see attached files. Thanks.

4

Try commenting out &&& part on line 317 and fixing syntax errors in line 415 (use of comma instead of semi-colon; redundant ' marks). See if that helps.

5

Thank you very much for your time and suggestion! Problem solved!

Best,
Suzie

6

Hello,

I have encountered another issue. Would you mind helping me out again? Thanks again!

After running Dynare, I kept seeing the warning message:
“Warning: The file ‘/Users/sw41/Dropbox/research/9-debt financing_CU/code/dynare/baseline_V1_HHlender.m’ could not be
cleared because it contains MATLAB code that is currently executing.”

This issue was discussed before on the forum, however, I still cannot proceed with simulation by having “noclearall” option. My Matlab is a 2017a version. Attached are the mod and m files, again! Thanks for the advice!
baseline_V1_HHlender.m (39.1 KB)
baseline_V1_HHlender.mod (18.2 KB)

7

Did you try the recent stable version of Dynare?

8

Yes, I switched the original version 4.5.5 to version 5.3. However, the same issue still exists so that I cannot run the program.

I also made sure that there is no conflict between two dynare versions in the path, and no other Matlab code is running. This is why I am confused why the warning message keeps saying there is another Matlab code is executing.

Thanks for the suggestion if you have any!

9

Can you please post the full log file/message.

10

Sure. The message below keeps showing repeatedly.

Starting Dynare (version 5.3).
Calling Dynare with arguments: none
Starting preprocessing of the model file …
Found 50 equation(s).
Evaluating expressions…done
Computing static model derivatives (order 1).
Computing dynamic model derivatives (order 1).
Processing outputs …
done
Preprocessing completed.

Starting Dynare (version 5.3).
Calling Dynare with arguments: none
Warning: The file ‘/Applications/Dynare/5.3/matlab/+baseline_V1_HHlender/driver.m’ could not be cleared because it
contains MATLAB code that is currently executing.

In dynare (line 243)
In baseline_V1_HHlender.driver (line 731)
In dynare (line 281)

and so on …

Best,
Suzie

11

And which OS are you using?

12

I use macOS Catalina
Version 10.15.7

13

That means I have neither access to the OS nor the Matlab version. Did you try with a newer Matlab version or Octave?

14

Hello Prof Pfeifer,

I haven’t tried a newer Matlab version (as it may cost more than the funds I have right now). Could the problem possibly be solved by using a different OS version? Or, was there anything wrong with my code?

Thanks again.

15

First of all, it’s just a warning and not an error. I am pretty sure it’s harmless and can be ignored, but there is no way to properly diagnose that right now.
Note that Octave is free.

16

Prof. Pfeifer,

Although it’s just a warning, the entire set of warning shows up repeatedly and never comes to an end. I had to press command plus period to stop the program from running. When I checked the workplace, I couldn’t find the output. Would be possible for me to obtain the results in this situation?

Thanks for further info!

17

Looking at your path

suggests you are running your mod-file within your Dynare installation folder. That may be the problem.

18

Prof. Pfeifer,

I just realized that having dynare filename on the mod file rather than typing it on the command window caused all the troubles I encountered. Thank you again for your constant help. I greatly appreciate your time.

Best,
Shu-Ling