Hello, I am trying to run the RBC model code from Dynamic Macroeconomics: Growth and Fluctuations by Jongwha Lee and Jinill Kim. The code was originally written for Dynare 4.5.7, but I am currently using Dynare 5.5. When I run it, I get an error related to the steady state file.
I encountered the following error messages in the command window:
Starting Dynare (version 5.5).
Calling Dynare with arguments: none
Starting preprocessing of the model file …
Found 16 equation(s).
Evaluating expressions…done
Computing static model derivatives (order 1).
Computing dynamic model derivatives (order 1).
Processing outputs …
done
Preprocessing completed.
Error using rbclinear_steadystate
Too many input arguments.
Error in evaluate_steady_state_file (line 49)
[ys,params1,check] = h_steadystate(ys_init, exo_ss,M,options);
Error in evaluate_steady_state (line 254)
[ys,params,info] = evaluate_steady_state_file(ys_init,exo_ss,M, options,steadystate_check_flag);
Error in resol (line 77)
[dr.ys,M.params,info] = evaluate_steady_state(oo.steady_state,M,options,oo,~options.steadystate.nocheck);
Error in stoch_simul (line 109)
[~,info,M_,oo_] = resol(0,M_,options_,oo_);
Error in rbclinear.driver (line 235)
[info, oo_, options_, M_] = stoch_simul(M_, options_, oo_, var_list_);
Error in dynare (line 281)
evalin(‘base’,[fname ‘.driver’]);
Error in Main (line 14)
dynare rbclinear.mod
What should I change in the code to to make it work with the Dynare 5.5 version? I would greatly appreciate your help. Thank you.
Main.m (1.7 KB)
rbclinear.mod (1.3 KB)
rbclinear_steadystate.m (868 Bytes)