Dear All,
I am replicating BASU&BUNDICK 2017, and BUNDICK posts in his website that they used dynare 4.4.3 to run their model. And when I used dynare 4.6.1 to run their code, there were many problems for the parameter estimation in their code, but it could run the mod file very well. So I tried 4.4.3, but when I ran dynare bbeffectivedemandmatchirf.mod without any modification to their code . It could not run and reported error:
Starting Dynare (version 4.4.3).
Starting preprocessing of the model file …
ERROR (in config file): Options should be formatted as ‘option = value’.
I do not know how to solve this problem., need your help.
Thank you very much.