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

**URL:** <https://forum.dynare.org/t/parameter-estimation-and-forecasting-using-the-gali-monacelli-2005-model/26909>\
**Category:** General DSGE Modeling\
**Created:** [18 December 2024 03:08 UTC](https://forum.dynare.org/t/parameter-estimation-and-forecasting-using-the-gali-monacelli-2005-model/26909 "2024-12-18T03:08:10Z")\
**Posts on this page:** 1\
**Showing post:** 2

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**Author:** ![jpfeifer](https://forum.dynare.org/user_avatar/forum.dynare.org/jpfeifer/32/5044_2.png) [@jpfeifer](https://forum.dynare.org/u/jpfeifer)\
**Post date:** [19 December 2024 13:14 UTC](https://forum.dynare.org/t/parameter-estimation-and-forecasting-using-the-gali-monacelli-2005-model/26909/2 "2024-12-19T13:14:46Z")

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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 \[YjLu0asVxy\]](https://forum.dynare.org/t/filesystem-error-cannot-remove-all-yjlu0asvxy/17630/2):
>
> 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).

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