When I use the example of p56 of DYNARE User Guide,the dynare said error:
why/
estimated params;
alpha, beta_pdf, 0.35, 0.02;
When I use the example of p56 of DYNARE User Guide,the dynare said error:
why/
estimated params;
alpha, beta_pdf, 0.35, 0.02;
Please provide the full file.
the original program is :
var y c k i l y_l w r z;
varexo e;
parameters beta psi delta alpha rho epsilon;
model;
(1/c) = beta*(1/c(+1))(1+r(+1)-delta);
psic/(1-l) = w;
c+i = y;
y = (k(-1)^alpha)(exp(z)l)^(1-alpha);
w = y((epsilon-1)/epsilon)(1-alpha)/l;
r = y*((epsilon-1)/epsilon)*alpha/k(-1);
i = k-(1-delta)k(-1);
y_l = y/l;
z = rhoz(-1)+e;
end;
varobs y;
initval;
k = 9;
c = 0.7;
l = 0.3;
w = 2.0;
r = 0;
z = 0;
e = 0;
end;
steady;
check;
estimated params;
alpha, beta_pdf, 0.35, 0.02;
beta, beta_pdf, 0.99, 0.002;
delta, beta_pdf, 0.025, 0.003;
psi, gamma_pdf, 1.75, 0.02;
rho, beta_pdf, 0.95, 0.05;
epsilon, gamma_pdf, 10, 0.003;
stderr e, inv_gamma_pdf, 0.01, inf;
end;
estimation(datafile=simuldataRBC,nobs=200,first obs=500,
mh_replic=2000,mh_nblocks=2,mh_drop=0.45,mh_jscale=0.;
dynare said:
error: line 28, col 6: syntax error, unexpected COMMA, expecting EQUAL or ‘.’
why? thanks!
You are missing the underscore in estimated_params and first_obs.