68 lines
1.4 KiB
Modula-2
68 lines
1.4 KiB
Modula-2
|
// Test for #469, should fail in the preprocessor
|
||
|
|
||
|
var m P c e W R k d n l gy_obs gp_obs y dA;
|
||
|
varexo e_a e_m;
|
||
|
|
||
|
parameters alp bet gam mst rho psi del sig_e_a;
|
||
|
|
||
|
alp = 0.33;
|
||
|
bet = 0.99;
|
||
|
gam = 0.003;
|
||
|
mst = 1.011;
|
||
|
rho = 0.7;
|
||
|
psi = 0.787;
|
||
|
del = 0.02;
|
||
|
sig_e_a=0.014;
|
||
|
|
||
|
model;
|
||
|
dA = exp(gam+e_a);
|
||
|
log(m) = (1-rho)*log(mst) + rho*log(m(-1))+e_m;
|
||
|
-P/(c(+1)*P(+1)*m)+bet*P(+1)*(alp*exp(-alp*(gam+log(e(+1))))*k^(alp-1)*n(+1)^(1-alp)+(1-del)*exp(-(gam+log(e(+1)))))/(c(+2)*P(+2)*m(+1))=0;
|
||
|
W = l/n;
|
||
|
-(psi/(1-psi))*(c*P/(1-n))+l/n = 0;
|
||
|
R = P*(1-alp)*exp(-alp*(gam+e_a))*k(-1)^alp*n^(-alp)/W;
|
||
|
1/(c*P)-bet*P*(1-alp)*exp(-alp*(gam+e_a))*k(-1)^alp*n^(1-alp)/(m*l*c(+1)*P(+1)) = 0;
|
||
|
c+k = exp(-alp*(gam+e_a))*k(-1)^alp*n^(1-alp)+(1-del)*exp(-(gam+e_a))*k(-1);
|
||
|
P*c = m;
|
||
|
m-1+d = l;
|
||
|
e = exp(e_a);
|
||
|
y = k(-1)^alp*n^(1-alp)*exp(-alp*(gam+e_a));
|
||
|
gy_obs = dA*y/y(-1);
|
||
|
gp_obs = (P/P(-1))*m(-1)/dA;
|
||
|
end;
|
||
|
|
||
|
initval;
|
||
|
k = 6;
|
||
|
m = mst;
|
||
|
P = 2.25;
|
||
|
c = 0.45;
|
||
|
e = 1;
|
||
|
W = 4;
|
||
|
R = 1.02;
|
||
|
d = 0.85;
|
||
|
n = 0.19;
|
||
|
l = 0.86;
|
||
|
y = 0.6;
|
||
|
gy_obs = exp(gam);
|
||
|
gp_obs = exp(-gam);
|
||
|
dA = exp(gam);
|
||
|
end;
|
||
|
|
||
|
shocks;
|
||
|
var e_a; stderr sig_e_a;
|
||
|
var e_m; stderr 0.005;
|
||
|
end;
|
||
|
|
||
|
steady;
|
||
|
|
||
|
check;
|
||
|
|
||
|
estimated_params;
|
||
|
del, beta_pdf, 0.01, 0.005;
|
||
|
sig_e_a, inv_gamma_pdf, 0.035449, inf;
|
||
|
end;
|
||
|
|
||
|
varobs gp_obs gy_obs;
|
||
|
|
||
|
estimation(order=1,bayesian_irf,irf_shocks=(e_m),datafile=fsdat_simul,mode_check, nobs=192, loglinear, mh_replic=2000, mh_nblocks=2, mh_jscale=0.8);
|