I am trying to reproduce the results of this article bankofcanada.ca/wp-content/u … p06-34.pdf (the equations are in the appendix), however, I am always receiving an error message. I’m newbie on dynare so if anyone could give me some advice. that will be great.
aar.mod (5.24 KB)
Always post the error. It is
[quote]ERROR: aar.mod:108.33-52: Symbol rhopi is being treated as if it were a function (i.e., takes an argument that is not an integer).
Thus, there is a problem in line 108, column 33. Your forgot a * after rhopi.
you were right, so I fix this problem (thanks), but now I receive this message
??? Error using ==> print_info at 57
Impossible to find the steady state. Either the model doesn’t have a steady state, there are an infinity of steady states, or the guess values are
too far from the solution
Error in ==> steady at 92
Error in ==> arrexample at 199
Error in ==> dynare at 120
any suggestion please…