Syntax error, unexpected EXT_FUNC_NAME, expecting EQUAL

Stochastic simulations
1

Hi there

I’m a new Dynare user, just trying to implement the first DSGE model by closely following F. O. Bilbiie, R. Straub, et al.( 2004) and J. Gal ́ı, J. D. Lopez-Salido, and J. Valles (2007). Thereby the following error occurs:
v1.mod (8.3 KB)
syntax error, unexpected EXT_FUNC_NAME, expecting EQUAL. Does maybe someone know what the problem is?

Many thanks in advance

2

Hi Maida,

there are many errors in your file. The one you mentioned here comes form line 31 where you wrote (long name=‘Marginal cost’) but it is supposed to be (long_name=‘Marginal cost’) (ie with an underscore).
Then, the predetermined variables also have to be declared in the variable block, including the Tex-names.
R_-1 is not a proper name for a parameter.
There are also many equations where you did not explicitly write * for a multiplication, this also does not work. For example in your production function you have (1-calpha)n but it clearly should be (1-calpha)*n.

Try to debug everything, I hope it works then :slight_smile:

3

Hi :slightly_smiling_face:

Many thanks for your feedback. I’ll implement everything right now and hope it works.