i’m trying to run a new keynesian model with endogenous capital accumulation. As i want to see the effecty by shocks on all variables, i don’t use a three equation specification (as fe. Gali), but specify all equations.
Running the model yields the following error code:
Starting Dynare (version 4.1.3).
Starting preprocessing of the model file …
ERROR: erweitertesModell.mod:63.120: character unrecognized by lexer
Can anybody help me? I’m quite new in using Dynare, maybe i also made a mistake by extending the simple basic model by endogenous capital accumulation
new keynesian model.mod (3.62 KB)