I had a question about how to express observed variables under var_obs. For example, the
interest rate in my data are the three month Treasury rate, APR, i.e., 400* r, where r= log (R/R_s) and R
denotes the model gross nominal rate of interest rate and R_s is its steady state value.
So if I write r under var_obs, that will definitely lead to errors unless I introduce another variable called r and introduce one more equation saying r=400*log(R/R_s).
How do I overcome this problem.
Also, if I try to write xls_sheet=1 and xls_range=A1:C87, it leads to errors
“line 65, cols 55-60: syntax error, unexpected QUOTED_STRING”