Error illegal use of reserved keyword end, dynare
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Hello,
I´m trying tu run a neoclassical model on matlab with dynare, but i'm getting this error with the "end", i´ve checked on the ecuations and are all as they must be. Any Hints?
"Error: File: P1_GONZALEZ.m Line: 61 Column: 1
Illegal use of reserved keyword "end".
addpath C:\dynare\4.6.1\matlab
dynare P1_GONZALEZ
% Endogenous variables:
var L C RK W K Y e A MU I FT;
% Exogenous variables:
varexo e_e e_MU e_A ;
% Parameters:
parameters ,BETA ,DELTA ,A ,PSI_L, MU ,e ,SIGMA_L ,ALPHA ,PHI_E ,PHI_C ,PHI_L ,RHO_E1 ,RHO_E2, RHO_E0, RHO_MU1 ,RHO_MU2 ,SIGME_E , SIGMA_MU ;
BETA = 0.99917;
DELTA = 0.0021;
PSI_L = 0.6818;
MU = 1;
SIGMA_L= 1;
ALPHA = 0.33;
PHI_E = 0.0028;
PHI_C = 0.01;
PHI_L = 0.01;
RHO_E1 = 1.84;
RHO_E2 = -0.85;
RHO_E0 = -0.6718;
RHO_MU1= 1.55;
RHO_MU2= -0.6;
SIGMA_E=0.01;
SIGMA_MU= 0.02;
RHO_A =0.95
SIGMA_A=0.01
%ESTADOS ESTACIONARIOS
K_EE = (((1-BETA+BETA*DELTA)*(MU*((BETA*ALPHA*A)^-1)))^((ALPHA-1))^-1);%%;
L_EE = 1;
Y_EE = A*MU*(K_EE^ALPHA)*((L_EE)^(ALPHA-1));
I_EE = DELTA*K_EE;
C_EE = A*(MU^-1)*(1-ALPHA)*((K_EE*(L_EE^-1))^ALPHA)*((PSI_L*(L_EE^SIGMA_L))^-1);
W_EE = A*(MU^-1)*(1-ALPHA)*((K_EE*(L_EE^-1))^ALPHA);
RK_EE= A*ALPHA*(MU^-1)* ((K_EE*(L_EE^-1))^(ALPHA-1));
MU_EE= 1;
FT_EE= PHI_C*(C_EE)+ PHI_L*(L_EE);
e_EE = 0.01;
% C_EE= Y_EE - I_EE - PHI_E*(e_EE^2)
% THE MODEL
model;
exp(L)= (exp(W)*((exp(C)*PSI_L)^-1))^((SIGMA_L)^(-1));
exp(C)= (BETA*(exp(C(+1))^-1)*(1-DELTA + exp(RK(+1))))^(-1);
exp(RK)= (ALPHA*A*(MU^(-1)))*((exp(K(-1))*MU)^(ALPHA-1))*((exp(L)*(MU^-1))^(1-ALPHA));
exp(W)= ((1-ALPHA)*A*(MU^(-1)))*((exp(K(-1))*MU)^(ALPHA))*((exp(L)*(MU^-1))^(-ALPHA));
exp(I)= exp(K)-(1-DELTA)*exp(K(-1));
exp(Y)= A*((exp(K(-1))*MU)^(ALPHA))*((exp(L)*(MU^-1))^(ALPHA-1));
exp(Y)= exp(C) + exp(I) + PHI_E*(e^2);
exp(e)= RHO_E0 + RHO_E1*(exp(e(-1)))+ RHO_E2*(exp(e(-2))) + FT + e_e;
exp(FT)= PHI_C*(C)+ PHI_L*(L);
exp(MU) = RHO_MU1* exp(MU(-1))+ RHO_MU2*exp(MU(-2))+ e_MU;
A = RHO_A*A(-1) + e_A*SIGMA_A;
end;
% *******
%INITIAL VALUES
initv;
K= log(K_EE);
Y= log(Y_EE);
C= log(C_EE);
I= log(I_EE);
W= log(W_EE);
RK= log(RK_EE);
e = log(e_EE);
L = log(L_EE);
FT= log(FT_EE);
MU= log(MU_EE)
A = 0;
end;
shock
var e_A = 1;
end;
check;
resid;
stoch_simul(order == 1,irf==60,graph)
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Answers (1)
Ameer Hamza
on 19 Apr 2020
I do not have dynare toolbox, but after going through your code, it seems that the line 'end;' repeated 3 times in your code, is unnecessary. Remove these lines, and you this error will go away.
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