diff --git a/tests/ep/rbcii.mod b/tests/ep/rbcii.mod index f72f83e0a..8e7a62c0e 100644 --- a/tests/ep/rbcii.mod +++ b/tests/ep/rbcii.mod @@ -1,6 +1,6 @@ -@#define extended_path_version = 1 +@#define extended_path_version = 0 -var Capital, Output, Labour, Consumption, Efficiency, efficiency, ExpectedTerm, LagrangeMultiplier; +var Capital, Output, Labour, Consumption, Efficiency, efficiency, ExpectedTerm, LM, LagrangeMultiplier; varexo EfficiencyInnovation; @@ -50,8 +50,11 @@ model(block,bytecode,cutoff=0); // Eq. n°7: (Capital==(1-delta)*Capital(-1))*(Output-Consumption) + (1-(Capital==(1-delta)*Capital(-1)))*LagrangeMultiplier = 0; - + // Eq. n°8: + (LM<0)*(LM+LagrangeMultiplier) + (1-(LM<0))*(LM-LagrangeMultiplier) = 0; + + // Eq. n°9: ExpectedTerm = beta*(((((Consumption^theta)*((1-Labour)^(1-theta)))^(1-tau))/Consumption)*(alpha*((Output/Capital(-1))^(1-psi))+(1-delta))-(1-delta)*LagrangeMultiplier); end; diff --git a/tests/ep/rbcii_steadystate.m b/tests/ep/rbcii_steadystate.m index 2a8f3aeec..ba7970eef 100644 --- a/tests/ep/rbcii_steadystate.m +++ b/tests/ep/rbcii_steadystate.m @@ -38,12 +38,11 @@ SteadyStateCapital=SteadyStateLabour/Labour_per_unit_of_Capital; SteadyStateOutput=Output_per_unit_of_Capital*SteadyStateCapital; % Fill returned argument ys with steady state values. -ys(2)=SteadyStateOutput; -ys(4)=SteadyStateConsumption; +ys = zeros(9,1); ys(1)=SteadyStateCapital; +ys(2)=SteadyStateOutput; ys(3)=SteadyStateLabour; +ys(4)=SteadyStateConsumption; ys(5)=M_.params(8); -ys(6)=0; ys(7)=M_.params(1)*((((SteadyStateConsumption^M_.params(2))*((1-SteadyStateLabour)^(1-M_.params(2))))^(1-M_.params(3)))/SteadyStateConsumption)* ... - (M_.params(4)*((SteadyStateOutput/SteadyStateCapital)^(1-M_.params(5)))+1-M_.params(6)); -ys(8)=0; \ No newline at end of file + (M_.params(4)*((SteadyStateOutput/SteadyStateCapital)^(1-M_.params(5)))+1-M_.params(6)); \ No newline at end of file