I am just getting started with Dynare. To get the basic mechanics right, I started by using the sample program for the stochastic model in section 3.9.1 of the User Guide.
Each time I run Dynare, I receive the following warnings:
Warning: Function C:\dynare\4.2.5\matlab\missing\bsxfun\bsxfun.m has the same name as a MATLAB builtin. We suggest you rename the function to avoid a potential name conflict.
Warning: Function C:\dynare\4.2.5\matlab\missing\ordeig\ordeig.m has the same name as a MATLAB builtin. We suggest you rename the function to avoid a potential name conflict.
Warning: Function C:\dynare\4.2.5\matlab\missing\rcond\rcond.m has the same name as a MATLAB builtin. We suggest you rename the function to avoid a potential name conflict
I don’t know if I can safely ignore these warnings. If not, I don’t know how to fix the problem, since these are functions that do not directly appear in my program.
The error message that appears to stop my program is:
Error using dynare (line 120)
Error: Unexpected MATLAB operator.
This is a mysterious error message, because line 120 is a simple assignment of an initial value to the variable z:
z = 0;
I suspect the problem is elsewhere, but, as a beginner, I have no idea where to locate the problem.
In case it may be helpful, here is the log file from my program:
%
% Status : main Dynare file
%
% Warning : this file is generated automatically by Dynare
% from model file (.mod)
clear all
clear global
tic;
global M_ oo_ options_ ys0_ ex0_
options_ = ];
M_.fname = ‘p:\hs_sample_prog’;
%
% Some global variables initialization
%
global_initialization;
diary off;
logname_ = ‘p:\hs_sample_prog.log’;
if exist(logname_, ‘file’)
delete(logname_)
end
diary(logname_)
M_.exo_names = ‘e’;
M_.exo_names_tex = ‘e’;
M_.endo_names = ‘y’;
M_.endo_names_tex = ‘y’;
M_.endo_names = char(M_.endo_names, ‘c’);
M_.endo_names_tex = char(M_.endo_names_tex, ‘c’);
M_.endo_names = char(M_.endo_names, ‘k’);
M_.endo_names_tex = char(M_.endo_names_tex, ‘k’);
M_.endo_names = char(M_.endo_names, ‘i’);
M_.endo_names_tex = char(M_.endo_names_tex, ‘i’);
M_.endo_names = char(M_.endo_names, ‘l’);
M_.endo_names_tex = char(M_.endo_names_tex, ‘l’);
M_.endo_names = char(M_.endo_names, ‘y_l’);
M_.endo_names_tex = char(M_.endo_names_tex, ‘y_l’);
M_.endo_names = char(M_.endo_names, ‘w’);
M_.endo_names_tex = char(M_.endo_names_tex, ‘w’);
M_.endo_names = char(M_.endo_names, ‘r’);
M_.endo_names_tex = char(M_.endo_names_tex, ‘r’);
M_.endo_names = char(M_.endo_names, ‘z’);
M_.endo_names_tex = char(M_.endo_names_tex, ‘z’);
M_.param_names = ‘beta’;
M_.param_names_tex = ‘beta’;
M_.param_names = char(M_.param_names, ‘psi’);
M_.param_names_tex = char(M_.param_names_tex, ‘psi’);
M_.param_names = char(M_.param_names, ‘delta’);
M_.param_names_tex = char(M_.param_names_tex, ‘delta’);
M_.param_names = char(M_.param_names, ‘alpha’);
M_.param_names_tex = char(M_.param_names_tex, ‘alpha’);
M_.param_names = char(M_.param_names, ‘rho’);
M_.param_names_tex = char(M_.param_names_tex, ‘rho’);
M_.param_names = char(M_.param_names, ‘gamma’);
M_.param_names_tex = char(M_.param_names_tex, ‘gamma’);
M_.param_names = char(M_.param_names, ‘sigma’);
M_.param_names_tex = char(M_.param_names_tex, ‘sigma’);
M_.param_names = char(M_.param_names, ‘epsilon’);
M_.param_names_tex = char(M_.param_names_tex, ‘epsilon’);
M_.exo_det_nbr = 0;
M_.exo_nbr = 1;
M_.endo_nbr = 9;
M_.param_nbr = 8;
M_.orig_endo_nbr = 9;
M_.aux_vars = ];
M_.Sigma_e = zeros(1, 1);
M_.H = 0;
options_.block=0;
options_.bytecode=0;
options_.use_dll=0;
erase_compiled_function(‘p:\hs_sample_prog_dynamic’);
M_.lead_lag_incidence =
0 3 0;
0 4 12;
1 5 0;
0 6 0;
0 7 0;
0 8 0;
0 9 0;
0 10 13;
2 11 0;]’;
M_.equations_tags = {
};
M_.exo_names_orig_ord = [1:1];
M_.maximum_lag = 1;
M_.maximum_lead = 1;
M_.maximum_endo_lag = 1;
M_.maximum_endo_lead = 1;
oo_.steady_state = zeros(9, 1);
M_.maximum_exo_lag = 0;
M_.maximum_exo_lead = 0;
oo_.exo_steady_state = zeros(1, 1);
M_.params = NaN(8, 1);
M_.NNZDerivatives = zeros(3, 1);
M_.NNZDerivatives(1) = 28;
M_.NNZDerivatives(2) = 25;
M_.NNZDerivatives(3) = -1;
M_.params( 4 ) = 0.33;
alpha = M_.params( 4 );
M_.params( 1 ) = 0.99;
beta = M_.params( 1 );
M_.params( 3 ) = 0.023;
delta = M_.params( 3 );
M_.params( 2 ) = 1.75;
psi = M_.params( 2 );
M_.params( 5 ) = 0.95;
rho = M_.params( 5 );
M_.params( 7 ) = 0.007/(1-M_.params(4));
sigma = M_.params( 7 );
M_.params( 8 ) = 10;
epsilon = M_.params( 8 );
%
% INITVAL instructions
%
options_.initval_file = 0;
oo_.steady_state( 3 ) = 9;
oo_.steady_state( 2 ) = 0.76;
oo_.steady_state( 5 ) = 0.3;
oo_.steady_state( 7 ) = 2.07;
oo_.steady_state( 8 ) = 0.03;
oo_.steady_state( 9 ) = 0;
oo_.exo_steady_state( 1 ) = 0;
oo_.endo_simul=[oo_.steady_state*ones(1,M_.maximum_lag)];
if M_.exo_nbr > 0;
oo_.exo_simul = [ones(M_.maximum_lag,1)*oo_.exo_steady_state’];
end;
if M_.exo_det_nbr > 0;
oo_.exo_det_simul = [ones(M_.maximum_lag,1)*oo_.exo_det_steady_state’];
end;
steady;
check;
%
% SHOCKS instructions
%
make_ex_;
M_.exo_det_length = 0;
M_.Sigma_e(1, 1) = M_.params(7)^2;
M_.sigma_e_is_diagonal = 1;
options_.periods = 2100;
var_list_=];
info = stoch_simul(var_list_);
save(‘p:\hs_sample_prog_results.mat’, ‘oo_’, ‘M_’, ‘options_’);
diary off
disp('Total computing time : ’ dynsec2hms(toc) ]);