Replicating Matteo Iacoviello and Stefano Neri (2010) and Code Error

General DSGE Modeling Replication Attempts
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Dear Community,

I hope this message finds you well. I am a student studying business cycles and DSGE models.

A few days ago, I read Matteo Iacoviello and Stefano Neri’s paper, “Housing Market Spillovers: Evidence from an Estimated DSGE Model,” and downloaded the replication code from the American Economic Review website. Here is the link to the code I downloaded:

When I tried running the provided .mod file in Dynare, I encountered an error message that states: “Too many input arguments.” The code was originally written for Dynare version 4.2.4, while I am using version 6.2. Could this error be due to differences between these versions?

Additionally, the replication package includes MATLAB files, such as steady_state.m. Could you kindly explain the purpose of these files? Should I calculate steady-state values using these MATLAB files before running the .mod file?

I apologize if these questions seem basic, as I am still learning to use Dynare. Thank you very much in advance for your assistance and patience.

Best regards, Mac25 from South Korea

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Professor,

Thank you very much for your prompt response and for providing the resources. I truly appreciate your guidance.

I will review the files you suggested and try running them as you recommended.

Thank you once again for your time and support.

Very Respectfully,