c l k y w r iv
% parameters caliberation
ALPHA = 0.35;
BETA = 0.99;
DELTA = 0.025;
COEFF = 1;
c (+1) = BETA * (1+ r (+1) - DELTA (+1)) c;
w/c = COEFF/1-l;
r = ALPHA * y/k;
w = (1- ALPHA)*y/n;
n = l;
k = a;
iv = k (+1) - (1-DELTA)k;
work3006.mod: line 23, col 42: syntax error, unexpected NAME
You are missing * to indicate multiplication by c at the end of line 23 and further down a multiplication by k also at the end of a line
Starting preprocessing of the model file …
WARNING: A parameter was used with a lead or a lag in the model block
Found 7 equation(s).
Computing static model derivatives (order 1).
Computing dynamic model derivatives (order 2).
Processing outputs …
What does the warning say?
In your Euler equation, you have
DELTA (+1) appearing, which is a parameter with a lead.
Thankyou. Will that be an issue?
No, but it usually indicates that you made a mistake here by shifting a fixed number.