Parameter Estimation and Forecasting Using the Gali-Monacelli (2005) Model

[jpfeifer]

The error above has nothing to do with the changes in the mod-file. It’s related to write access on Windows, typically if you are working on cloud-synchronized folder. See e.g.

Filesystem error: cannot remove all [YjLu0asVxy]

Unfortunately, no. Dynare will try to delete that folder itself, but sometimes this operation is blocked. On my machine that happens particularly if the folder is synchronized by a cloud drive.

Your mod-file has the problem that you have more observables (5) than shocks (3).