Not able to produce results, URGENT

sowmyau · December 13, 2021, 10:27am

Hello everyone, this is the error that is being shown while trying to print results,:

jpfeifer · December 13, 2021, 12:51pm

Without the mod-file it is impossible to tell what is going on.

sowmyau · December 13, 2021, 1:09pm

code.pdf (66.2 KB)

Max1 · December 13, 2021, 2:07pm

You submitted a PDF.
Could you submit the .mod file?

sowmyau · December 13, 2021, 2:08pm

NK_TR_ZLB.mod (1.4 KB)

Max1 · December 13, 2021, 2:12pm

R=max(phi_pi*pi,-log(1/beta)); // Taylor Rule with ZLB

The equation above is problematic.

You should use OccBin to implement the ZLB.
See the manual of the latest instable version of Dynare.

sowmyau · December 13, 2021, 2:14pm

Hi ,

I don’t quite understand, can you please explain a little more?

Max1 · December 13, 2021, 4:01pm

In a stochastic context you are not allowed to use the max operator.
But you can implement the ZLB with the OccBin Toolkit which is already part of Dynare 4.7-Beta.
Have a look at the original paper and Dynare’s manual.

Also note that your mod-file lacks one equation for the variable G.

sowmyau · December 13, 2021, 6:16pm

Thank you Max , it worked