I’m new in using Dynare,
- so I want to know how I write the below expression.
(ex) pi=beta*(1-thetah)E_t(pi(t+1)) + thethapi(t-1) + lambdah*mc + e
where E_t is the current expectation parameter.
In this case, in Dynare code,
pi = beta*(1-thetah)pi(+1) + thetahpi(-1) + lambdah*mc + e
is the correct expression?
Is the expectation(E) term expressed as merely parameter(+1), like this?
- when I was exercising, Dynare warning was expressed as below
Warning: File ‘newzealand2_optimal_mh_scale_parameter.mat’ not found
Warning: File ‘newzealand2/Output’ not found
Warning: File ‘newzealand2/metropolis’ not found
What’s the meaning of the above warning? What can I do for solving these problem?
Please help me and thank you for your attetion.