Reference manual: added entry for partial information
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@ -2253,6 +2253,10 @@ steady;
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<term><option>pruning</option></term>
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<listitem><para>Discard higher order terms when iteratively computing simulations of the solution, as in <xref linkend="kim-kim-schaumburg-sims_2008"/>.</para></listitem>
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</varlistentry>
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<varlistentry id="partial_information">
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<term><option>partial_information</option></term>
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<listitem><para>Computes the solution of the model under partial information, along the lines of <xref linkend="pearlman-currie-levine_1986"/>. Agents are supposed to observe only some variables of the economy. The set of observed variables is declared using the <xref linkend="varobs"/> statement. Note that if <xref linkend="varobs"/> is not present or contains all endogenous variables, then this is the full information case and this option has no effect.</para></listitem>
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</varlistentry>
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</variablelist>
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</refsect1>
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@ -2719,6 +2723,9 @@ stoch_simul(linear,irf=60) y k;
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<para>
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<command>varobs</command> lists the name of observed endogenous variables for the estimation procedure. These variables must be available in the data file (see <xref linkend='estimation'/>).
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</para>
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<para>
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Alternatively, this command is also used in conjunction with the <xref linkend="partial_information"/> option of <xref linkend="stoch_simul"/>, for declaring the set of observed variables when solving the model under partial information.
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</para>
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<para>
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Only one instance of <command>varobs</command> is allowed in a model file. If one needs to declare observed variables in a loop, the macroprocessor can be used as shown in the second example below.
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</para>
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@ -4835,5 +4842,32 @@ plot_conditional_forecast(periods = 10) e u;
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</biblioentry>
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<biblioentry id="pearlman-currie-levine_1986" xreflabel="Pearlman, Currie and Levine (1986)">
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<biblioset relation="article">
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<authorgroup>
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<author>
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<surname>Pearlman</surname>
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<firstname>Joseph</firstname>
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</author>
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<author>
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<surname>Currie</surname>
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<firstname>David</firstname>
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</author>
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<author>
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<surname>Levine</surname>
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<firstname>Paul</firstname>
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</author>
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</authorgroup>
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<pubdate>1986</pubdate>
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<title>Rational expectations models with partial information</title>
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</biblioset>
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<biblioset relation="journal">
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<title>Economic Modelling</title>
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<volumenum>3</volumenum>
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<issuenum>2</issuenum>
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<pagenums>90-105</pagenums>
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</biblioset>
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</biblioentry>
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</bibliography>
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</book>
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