I get a runaway with this equation. I can't seem to find the error, but I'm new to this latex thing, so I hope you guys can help me out?
Code: Select all
\begin{align}
(1-\psi)\left( (a^{2}+bc)\pi_{t+1|t}+(a+d)by_{t}+(1+a)p+bq \right) =a\pi_{t+1|t}+by_{t}+p-\psi\pi_{t+1|t}-\kappa\left( c\pi_{t+1|t}+dy_{t}+q \right) \\
(1-\gamma)\left( (a+d)c\pi_{t+1|t}+(d^{2}+bc)y_{t}+cp+(1+d)q \right) \sigma \left( a\pi_{t+1|t}+by_{t}+p \right) = c\pi_{t+1|t}+dy_{t}+q-\gamma y_{t}+\sigma \left({ f_{0}+f_{\pi}\pi_{t+1|t)+f_{y}y_{t}} \right)
\end{align}