I have framed a DSGE model for Indian Monetary policy framework. Could someone tell me how do you determine the parameter values and steady steady values to start with , in dynare.
when I randomly added the parameter values and steady state values, I get the following error :
dynare apica.mod
Using 64-bit preprocessor
Starting Dynare (version 4.6.1).
Calling Dynare with arguments: none
Starting preprocessing of the model file …
ERROR: apica.mod: line 1, cols 32-34: syntax error, unexpected INF_CONSTANT
Error using dynare (line 282)
Dynare: preprocessing failed
Sir , please find attached the mod file. I am receiving the following error:
dynare apica.mod
Using 64-bit preprocessor
Starting Dynare (version 4.6.1).
Calling Dynare with arguments: none
Starting preprocessing of the model file …
ERROR: apica.mod: line 66, col 66: character unrecognized by lexer
Error using dynare (line 282)
Dynare: preprocessing failed
Awaiting your response. Thank you so much in advance.
Hello, you can locate the ERROR in your mod file. Look at the line 66, and column 66, you are using Expectation_operator which is not necessary in your MOD file. I suggest you to double check your equations in the MOD file.
Sir, there is this paper by the Central Bank of Brazil whereby they have used expectation operator in their equations. 1-s2.0-S026499931200260X-main.pdf (1.4 MB)
This is the paper that I have referred to for the equations. They have used expectation operator in the equations and done the analysis in dynare.
Hello, I can suggest you to write down the equations as you see them in the paper you mention.
As Johannes says, write down the whole summation, and use only parentheses, no braces or brackets. Also finish each equation with a semicolon, some of them were missing as well in the MOD you posted time ago. You can consult the Dynare guide in link
I can have a look at the MOD file when you are done with that if you like.
Sir I did not understand what you meant by saying ’ replace sum operator by its definition’. Please help me understand. You mean sum it manually in excel file and then use it ?
I am facing the following error :
Starting Dynare (version 4.6.1).
Calling Dynare with arguments: none
Starting preprocessing of the model file …
ERROR: apica.mod: line 69, col 190: syntax error, unexpected ‘;’
Error using dynare (line 282)
Dynare: preprocessing failed
How do I understand what col 190 is in the row 69 ?
I have been reading the ref manual provided by dynare daily and thoroughly, even then I feel on the job training and getting feedback and help from you is helping me learn and implement better. so thankyou very much for always replying. Eapica.mod (3.3 KB) xtremely grateful.