Replication of QUESTIII

Dear MMB-Team, I am trying to execute your QUEST3.mod but I get the following errors. I use Dynare 4.5.7 in Matlab R2019b:

dynare EA_Quest3.mod

Configuring Dynare …
[mex] Generalized QZ.
[mex] Sylvester equation solution.
[mex] Kronecker products.
[mex] Sparse kronecker products.
[mex] Local state space iteration (second order).
[mex] Bytecode evaluation.
[mex] k-order perturbation solver.
[mex] k-order solution simulation.
[mex] Quasi Monte-Carlo sequence (Sobol).
[mex] Markov Switching SBVAR.

Using 64-bit preprocessor
Starting Dynare (version 4.5.7).
Starting preprocessing of the model file …
Substitution of endo leads >= 2: added 6 auxiliary variables and equations.
Substitution of endo lags >= 2: added 12 auxiliary variables and equations.
Found 128 equation(s).
Evaluating expressions…done
Computing static model derivatives:

  • order 1
    Computing dynamic model derivatives:
  • order 1
  • order 2
    Processing outputs …
    Preprocessing completed.

Error using eval
Unrecognized function or variable ‘cofintoutp’.

Error in EA_Quest3 (line 1413)
eval([‘M_.params(i) = ’ deep_parameter_name ’ ;’])

Error in dynare (line 235)
evalin(‘base’,fname) ;

Hi cmerino, thank you for your question and interest in the MMB.

Please have in mind that MMB files you can run only through the MMB platform - in that case you select different options and assign values necessary to run the simulations.

Alternatively, if you want to replicate the results of certain models directly from Matlab (or Octave), you need to download the replication package from our website. In the next step, you find the folder for the model of your interest and run the replication, as described in the respective readme file.