Created a new 'examples' subdirectory with a (still small) example database
Sébastien Villemot
parent
6ef638a42d
commit
4a619f3db7
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@ -22,9 +22,10 @@ EXTRA_DIST = \
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license.txt \
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windows/dynare.nsi \
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windows/mexopts.bat \
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windows/README.txt
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windows/README.txt \
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examples
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dist-hook:
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rm -rf `find $(distdir)/matlab -name *~`
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rm -rf `find $(distdir)/matlab $(distdir)/examples -name *~`
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rm -f $(distdir)/matlab/dynare_m$(EXEEXT) $(distdir)/matlab/dynare_version.m
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$(MKDIR_P) $(distdir)/mex/matlab $(distdir)/mex/octave
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@ -3995,6 +3995,31 @@ plot_conditional_forecast(periods = 10) e u;
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</chapter>
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<chapter>
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<title>Examples</title>
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<para>Dynare comes with a database of example <filename class="extension">.mod</filename> files, which are designed to show a broad range of Dynare features, and are taken from academic papers for most of them. You should have these files in the <filename class="directory">examples</filename> subdirectory of your distribution.</para>
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<para>Here is a short list of the examples included. For a more complete description, please refer to the comments inside the files themselves.</para>
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<variablelist>
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<varlistentry>
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<term><filename>ramst.mod</filename></term>
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<listitem><para>An elementary real business cycle (RBC) model, simulated in a deterministic setup.</para></listitem>
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</varlistentry>
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<varlistentry>
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<term><filename>example1.mod</filename></term>
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<term><filename>example2.mod</filename></term>
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<listitem><para>Two examples of a small RBC model in a stochastic setup, presented in <xref linkend="collard_2001"/> (see the file <filename>guide.pdf</filename> which comes with Dynare).</para></listitem>
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</varlistentry>
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<varlistentry>
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<term><filename>fs2000.mod</filename></term>
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<listitem><para>A cash in advance model, estimated by <xref linkend="schorfheide_2000"/>.</para></listitem>
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</varlistentry>
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<varlistentry>
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<term><filename>bkk.mod</filename></term>
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<listitem><para>Multi-country RBC model with time to build, presented in <xref linkend="backus-kehoe-kydland_1992"/>.</para></listitem>
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</varlistentry>
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</variablelist>
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</chapter>
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<bibliography>
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<biblioentry id="boucekkine_1995" xreflabel="Boucekkine (1995)">
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@ -4097,7 +4122,7 @@ plot_conditional_forecast(periods = 10) e u;
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</biblioset>
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</biblioentry>
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<biblioentry>
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<biblioentry id="fernandez-villaverde-rubio-ramirez_2004" xreflabel="Fernandez-Villaverde and Rubio-Ramirez (2004)">
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<biblioset relation="article">
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<authorgroup>
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<author>
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@ -4222,7 +4247,7 @@ plot_conditional_forecast(periods = 10) e u;
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</biblioset>
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</biblioentry>
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<biblioentry>
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<biblioentry id="lubik-schorfheide_2007" xreflabel="Lubik and Schorfheide (2007)">
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<biblioset relation="article">
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<authorgroup>
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<author>
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@ -4289,7 +4314,8 @@ plot_conditional_forecast(periods = 10) e u;
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<biblioset relation="journal">
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<title>Journal of Applied Econometrics</title>
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<volumenum>15</volumenum>
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<pagenums>645-70</pagenums>
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<issuenum>6</issuenum>
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<pagenums>645-670</pagenums>
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</biblioset>
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</biblioentry>
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@ -4337,5 +4363,46 @@ plot_conditional_forecast(periods = 10) e u;
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</biblioset>
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</biblioentry>
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<biblioentry id="collard_2001" xreflabel="Collard (2001)">
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<biblioset relation="article">
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<authorgroup>
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<author>
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<surname>Collard</surname>
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<firstname>Fabrice</firstname>
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</author>
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</authorgroup>
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<pubdate>2001</pubdate>
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<title>Stochastic simulations with Dynare: A practical guide</title>
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</biblioset>
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</biblioentry>
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<biblioentry id="backus-kehoe-kydland_1992" xreflabel="Backus, Kehoe and Kydland (1992)">
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<biblioset relation="article">
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<authorgroup>
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<author>
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<surname>Backus</surname>
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<firstname>David K.</firstname>
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</author>
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<author>
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<surname>Kehoe</surname>
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<firstname>Patrick J.</firstname>
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</author>
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<author>
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<surname>Kydland</surname>
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<firstname>Finn E.</firstname>
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</author>
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</authorgroup>
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<pubdate>1992</pubdate>
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<title>International Real Business Cycles</title>
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</biblioset>
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<biblioset relation="journal">
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<title>Journal of Political Economy</title>
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<volumenum>100</volumenum>
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<issuenum>4</issuenum>
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<pagenums>745-775</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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@ -0,0 +1,173 @@
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/*
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* This file implements the multi-country RBC model with time to build,
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* described in Backus, Kehoe and Kydland (1992): "International Real Business
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* Cycles", Journal of Political Economy, 100(4), 745-775.
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*
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* The notation for the variable names are the same in this file than in the paper.
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* However the timing convention is different: we had to taken into account the
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* fact that in Dynare, if a variable is denoted at the current period, then
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* this variable must be also decided at the current period.
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* Concretely, here are the differences between the paper and the model file:
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* - z_t in the model file is equal to z_{t+1} in the paper
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* - k_t in the model file is equal to k_{t+J} in the paper
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* - s_t in the model file is equal to s_{J,t}=s_{J-1,t+1}=...=s_{1,t+J-1} in the paper
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*
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* The macroprocessor is used in this file to create a loop over countries.
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* Only two countries are used here (as in the paper), but it is easy to add
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* new countries in the corresponding macro-variable and completing the
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* calibration.
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*
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* The calibration is the same than in the paper. The results in terms of
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* moments of variables are very close to that of the paper (but not equal
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* since the authors a different solution method).
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*
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* This implementation was written by Sebastien Villemot. Please note that the
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* following copyright notice only applies to this Dynare implementation of the
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* model.
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*/
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/*
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* Copyright (C) 2010 Dynare Team
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*
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* This file is part of Dynare.
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*
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* Dynare is free software: you can redistribute it and/or modify
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* it under the terms of the GNU General Public License as published by
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* the Free Software Foundation, either version 3 of the License, or
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* (at your option) any later version.
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*
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* Dynare is distributed in the hope that it will be useful,
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* but WITHOUT ANY WARRANTY; without even the implied warranty of
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* MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
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* GNU General Public License for more details.
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*
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* You should have received a copy of the GNU General Public License
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* along with Dynare. If not, see <http://www.gnu.org/licenses/>.
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*/
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@#define countries = [ "H", "F" ]
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@#define J = 4
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@#for co in countries
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var C_@{co} L_@{co} N_@{co} A_@{co} K_@{co} Z_@{co} X_@{co} LAMBDA_@{co} S_@{co} NX_@{co} Y_@{co};
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varexo E_@{co};
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parameters beta_@{co} alpha_@{co} eta_@{co} mu_@{co} gamma_@{co} theta_@{co} nu_@{co} sigma_@{co} delta_@{co} phi_@{co} psi_@{co} rho_@{co}_@{co};
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@#endfor
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// Lagrange multiplier of aggregate constraint
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var LGM;
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parameters rho_@{countries[1]}_@{countries[2]} rho_@{countries[2]}_@{countries[1]};
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model;
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@#for co in countries
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Y_@{co} = ((LAMBDA_@{co}*K_@{co}(-@{J})^theta_@{co}*N_@{co}^(1-theta_@{co}))^(-nu_@{co}) + sigma_@{co}*Z_@{co}(-1)^(-nu_@{co}))^(-1/nu_@{co});
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K_@{co} = (1-delta_@{co})*K_@{co}(-1) + S_@{co};
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X_@{co} =
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@# for lag in (-J+1):0
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+ phi_@{co}*S_@{co}(@{lag})
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@# endfor
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;
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A_@{co} = (1-eta_@{co})*A_@{co}(-1) + N_@{co};
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L_@{co} = 1 - alpha_@{co}*N_@{co} - (1-alpha_@{co})*eta_@{co}*A_@{co}(-1);
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// Utility multiplied by gamma
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# U_@{co} = (C_@{co}^mu_@{co}*L_@{co}^(1-mu_@{co}))^gamma_@{co};
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// FOC with respect to consumption
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psi_@{co}*mu_@{co}/C_@{co}*U_@{co} = LGM;
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// FOC with respect to labor
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// NOTE: this condition is only valid for alpha = 1
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psi_@{co}*(1-mu_@{co})/L_@{co}*U_@{co}*(-alpha_@{co}) = - LGM * (1-theta_@{co})/N_@{co}*(LAMBDA_@{co}*K_@{co}(-@{J})^theta_@{co}*N_@{co}^(1-theta_@{co}))^(-nu_@{co})*Y_@{co}^(1+nu_@{co});
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// FOC with respect to capital
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@# for lag in 0:(J-1)
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+beta_@{co}^@{lag}*LGM(+@{lag})*phi_@{co}
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@# endfor
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@# for lag in 1:J
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-beta_@{co}^@{lag}*LGM(+@{lag})*phi_@{co}*(1-delta_@{co})
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@# endfor
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= beta_@{co}^@{J}*LGM(+@{J})*theta_@{co}/K_@{co}*(LAMBDA_@{co}(+@{J})*K_@{co}^theta_@{co}*N_@{co}(+@{J})^(1-theta_@{co}))^(-nu_@{co})*Y_@{co}(+@{J})^(1+nu_@{co});
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// FOC with respect to stock of inventories
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LGM=beta_@{co}*LGM(+1)*(1+sigma_@{co}*Z_@{co}^(-nu_@{co}-1)*Y_@{co}(+1)^(1+nu_@{co}));
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// Shock process
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@# if co == countries[1]
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@# define alt_co = countries[2]
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@# else
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@# define alt_co = countries[1]
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@# endif
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(LAMBDA_@{co}-1) = rho_@{co}_@{co}*(LAMBDA_@{co}(-1)-1) + rho_@{co}_@{alt_co}*(LAMBDA_@{alt_co}(-1)-1) + E_@{co};
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NX_@{co} = (Y_@{co} - (C_@{co} + X_@{co} + Z_@{co} - Z_@{co}(-1)))/Y_@{co};
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@#endfor
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// World ressource constraint
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@#for co in countries
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+C_@{co} + X_@{co} + Z_@{co} - Z_@{co}(-1)
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@#endfor
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=
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@#for co in countries
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+Y_@{co}
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@#endfor
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;
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end;
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@#for co in countries
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beta_@{co} = 0.99;
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mu_@{co} = 0.34;
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gamma_@{co} = -1.0;
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alpha_@{co} = 1;
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eta_@{co} = 0.5; // Irrelevant when alpha=1
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theta_@{co} = 0.36;
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nu_@{co} = 3;
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sigma_@{co} = 0.01;
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delta_@{co} = 0.025;
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phi_@{co} = 1/@{J};
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psi_@{co} = 0.5;
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@#endfor
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rho_H_H = 0.906;
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rho_F_F = 0.906;
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rho_H_F = 0.088;
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rho_F_H = 0.088;
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initval;
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@#for co in countries
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LAMBDA_@{co} = 1;
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NX_@{co} = 0;
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Z_@{co} = 1;
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A_@{co} = 1;
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L_@{co} = 0.5;
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N_@{co} = 0.5;
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Y_@{co} = 1;
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K_@{co} = 1;
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C_@{co} = 1;
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S_@{co} = 1;
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X_@{co} = 1;
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E_@{co} = 0;
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@#endfor
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LGM = 1;
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end;
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shocks;
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var E_H; stderr 0.00852;
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var E_F; stderr 0.00852;
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corr E_H, E_F = 0.258;
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end;
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steady;
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check;
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stoch_simul(order=1, hp_filter=1600, nograph);
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@ -0,0 +1,68 @@
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/*
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* Example 1 from F. Collard (2001): "Stochastic simulations with DYNARE:
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* A practical guide" (see "guide.pdf" in the documentation directory).
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*/
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/*
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* Copyright (C) 2001-2010 Dynare Team
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*
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* This file is part of Dynare.
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*
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* Dynare is free software: you can redistribute it and/or modify
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* it under the terms of the GNU General Public License as published by
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* the Free Software Foundation, either version 3 of the License, or
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* (at your option) any later version.
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*
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* Dynare is distributed in the hope that it will be useful,
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* but WITHOUT ANY WARRANTY; without even the implied warranty of
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* MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
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* GNU General Public License for more details.
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*
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* You should have received a copy of the GNU General Public License
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* along with Dynare. If not, see <http://www.gnu.org/licenses/>.
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*/
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var y, c, k, a, h, b;
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varexo e, u;
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parameters beta, rho, alpha, delta, theta, psi, tau;
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alpha = 0.36;
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rho = 0.95;
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tau = 0.025;
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beta = 0.99;
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delta = 0.025;
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psi = 0;
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theta = 2.95;
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phi = 0.1;
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model;
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c*theta*h^(1+psi)=(1-alpha)*y;
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k = beta*(((exp(b)*c)/(exp(b(+1))*c(+1)))
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*(exp(b(+1))*alpha*y(+1)+(1-delta)*k));
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y = exp(a)*(k(-1)^alpha)*(h^(1-alpha));
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k = exp(b)*(y-c)+(1-delta)*k(-1);
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a = rho*a(-1)+tau*b(-1) + e;
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b = tau*a(-1)+rho*b(-1) + u;
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end;
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initval;
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y = 1.08068253095672;
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c = 0.80359242014163;
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h = 0.29175631001732;
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k = 11.08360443260358;
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a = 0;
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b = 0;
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e = 0;
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u = 0;
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end;
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shocks;
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var e; stderr 0.009;
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var u; stderr 0.009;
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var e, u = phi*0.009*0.009;
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end;
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stoch_simul;
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@ -0,0 +1,67 @@
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/*
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* Example 2 from F. Collard (2001): "Stochastic simulations with DYNARE:
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* A practical guide" (see "guide.pdf" in the documentation directory).
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*/
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/*
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* Copyright (C) 2001-2010 Dynare Team
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*
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* This file is part of Dynare.
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*
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* Dynare is free software: you can redistribute it and/or modify
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* it under the terms of the GNU General Public License as published by
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* the Free Software Foundation, either version 3 of the License, or
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* (at your option) any later version.
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*
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* Dynare is distributed in the hope that it will be useful,
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* but WITHOUT ANY WARRANTY; without even the implied warranty of
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* MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
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* GNU General Public License for more details.
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*
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* You should have received a copy of the GNU General Public License
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* along with Dynare. If not, see <http://www.gnu.org/licenses/>.
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*/
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var y, c, k, a, h, b;
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varexo e, u;
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parameters beta, rho, alpha, delta, theta, psi, tau;
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alpha = 0.36;
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rho = 0.95;
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tau = 0.025;
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beta = 0.99;
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delta = 0.025;
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psi = 0;
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theta = 2.95;
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model;
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exp(c)*theta*exp(h)^(1+psi)=(1-alpha)*exp(y);
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exp(k) = beta*(((exp(b)*exp(c))/(exp(b(+1))*exp(c(+1))))
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*(exp(b(+1))*alpha*exp(y(+1))+(1-delta)*exp(k)));
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exp(y) = exp(a)*(exp(k(-1))^alpha)*(exp(h)^(1-alpha));
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exp(k) = exp(b)*(exp(y)-exp(c))+(1-delta)*exp(k(-1));
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a = rho*a(-1)+tau*b(-1) + e;
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b = tau*a(-1)+rho*b(-1) + u;
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end;
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initval;
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y = 0.1;
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c = -0.2;
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h = -1.2;
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k = 2.4;
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a = 0;
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b = 0;
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e = 0;
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u = 0;
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end;
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steady;
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shocks;
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var e = 0.009^2;
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var u = 0.009^2;
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end;
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stoch_simul(periods=2000, drop=200);
|
||||
|
|
@ -0,0 +1,118 @@
|
|||
/*
|
||||
* This file replicates the estimation of the cash in advance model described
|
||||
* Frank Schorfheide (2000): "Loss function-based evaluation of DSGE models",
|
||||
* Journal of Applied Econometrics, 15(6), 645-670.
|
||||
*
|
||||
* The data are in file "fsdat_simul.m", and have been artificially generated.
|
||||
* They are therefore different from the original dataset used by Schorfheide.
|
||||
*
|
||||
* The equations are taken from J. Nason and T. Cogley (1994): "Testing the
|
||||
* implications of long-run neutrality for monetary business cycle models",
|
||||
* Journal of Applied Econometrics, 9, S37-S70.
|
||||
* Note that there is an initial minus sign missing in equation (A1), p. S63.
|
||||
*
|
||||
* This implementation was written by Michel Juillard. Please note that the
|
||||
* following copyright notice only applies to this Dynare implementation of the
|
||||
* model.
|
||||
*/
|
||||
|
||||
/*
|
||||
* Copyright (C) 2004-2010 Dynare Team
|
||||
*
|
||||
* This file is part of Dynare.
|
||||
*
|
||||
* Dynare is free software: you can redistribute it and/or modify
|
||||
* it under the terms of the GNU General Public License as published by
|
||||
* the Free Software Foundation, either version 3 of the License, or
|
||||
* (at your option) any later version.
|
||||
*
|
||||
* Dynare is distributed in the hope that it will be useful,
|
||||
* but WITHOUT ANY WARRANTY; without even the implied warranty of
|
||||
* MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
|
||||
* GNU General Public License for more details.
|
||||
*
|
||||
* You should have received a copy of the GNU General Public License
|
||||
* along with Dynare. If not, see <http://www.gnu.org/licenses/>.
|
||||
*/
|
||||
|
||||
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;
|
||||
|
||||
alp = 0.33;
|
||||
bet = 0.99;
|
||||
gam = 0.003;
|
||||
mst = 1.011;
|
||||
rho = 0.7;
|
||||
psi = 0.787;
|
||||
del = 0.02;
|
||||
|
||||
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 0.014;
|
||||
var e_m; stderr 0.005;
|
||||
end;
|
||||
|
||||
steady;
|
||||
|
||||
check;
|
||||
|
||||
estimated_params;
|
||||
alp, beta_pdf, 0.356, 0.02;
|
||||
bet, beta_pdf, 0.993, 0.002;
|
||||
gam, normal_pdf, 0.0085, 0.003;
|
||||
mst, normal_pdf, 1.0002, 0.007;
|
||||
rho, beta_pdf, 0.129, 0.223;
|
||||
psi, beta_pdf, 0.65, 0.05;
|
||||
del, beta_pdf, 0.01, 0.005;
|
||||
stderr e_a, inv_gamma_pdf, 0.035449, inf;
|
||||
stderr e_m, inv_gamma_pdf, 0.008862, inf;
|
||||
end;
|
||||
|
||||
varobs gp_obs gy_obs;
|
||||
|
||||
estimation(order=1, datafile=fsdat_simul, nobs=192, loglinear, mh_replic=2000, mh_nblocks=2, mh_jscale=0.8);
|
||||
|
||||
|
||||
/*
|
||||
* The following lines were used to generate the data file. If you want to
|
||||
* generate another random data file, comment the "estimation" line and uncomment
|
||||
* the following lines.
|
||||
*/
|
||||
|
||||
//stoch_simul(periods=200, order=1);
|
||||
//datatomfile('fsdat_simul', char('gy_obs', 'gp_obs'));
|
||||
|
|
@ -0,0 +1,416 @@
|
|||
% Generated data, used by fs2000.mod
|
||||
|
||||
gy_obs =[
|
||||
1.0030045
|
||||
1.0002599
|
||||
0.99104664
|
||||
1.0321162
|
||||
1.0223545
|
||||
1.0043614
|
||||
0.98626929
|
||||
1.0092127
|
||||
1.0357197
|
||||
1.0150827
|
||||
1.0051548
|
||||
0.98465775
|
||||
0.99132132
|
||||
0.99904153
|
||||
1.0044641
|
||||
1.0179198
|
||||
1.0113462
|
||||
0.99409421
|
||||
0.99904293
|
||||
1.0448336
|
||||
0.99932433
|
||||
1.0057004
|
||||
0.99619787
|
||||
1.0267504
|
||||
1.0077645
|
||||
1.0058026
|
||||
1.0025891
|
||||
0.9939097
|
||||
0.99604693
|
||||
0.99908569
|
||||
1.0151094
|
||||
0.99348134
|
||||
1.0039124
|
||||
1.0145805
|
||||
0.99800868
|
||||
0.98578138
|
||||
1.0065771
|
||||
0.99843919
|
||||
0.97979062
|
||||
0.98413351
|
||||
0.96468174
|
||||
1.0273857
|
||||
1.0225211
|
||||
0.99958667
|
||||
1.0111157
|
||||
1.0099585
|
||||
0.99480311
|
||||
1.0079265
|
||||
0.98924573
|
||||
1.0070613
|
||||
1.0075706
|
||||
0.9937151
|
||||
1.0224711
|
||||
1.0018891
|
||||
0.99051863
|
||||
1.0042944
|
||||
1.0184055
|
||||
0.99419508
|
||||
0.99756624
|
||||
1.0015983
|
||||
0.9845772
|
||||
1.0004407
|
||||
1.0116237
|
||||
0.9861885
|
||||
1.0073094
|
||||
0.99273355
|
||||
1.0013224
|
||||
0.99777979
|
||||
1.0301686
|
||||
0.96809556
|
||||
0.99917088
|
||||
0.99949253
|
||||
0.96590004
|
||||
1.0083938
|
||||
0.96662298
|
||||
1.0221454
|
||||
1.0069792
|
||||
1.0343996
|
||||
1.0066531
|
||||
1.0072525
|
||||
0.99743563
|
||||
0.99723703
|
||||
1.000372
|
||||
0.99013917
|
||||
1.0095223
|
||||
0.98864268
|
||||
0.98092242
|
||||
0.98886488
|
||||
1.0030341
|
||||
1.01894
|
||||
0.99155059
|
||||
0.99533235
|
||||
0.99734316
|
||||
1.0047356
|
||||
1.0082737
|
||||
0.98425116
|
||||
0.99949212
|
||||
1.0055899
|
||||
1.0065075
|
||||
0.99385069
|
||||
0.98867975
|
||||
0.99804843
|
||||
1.0184038
|
||||
0.99301902
|
||||
1.0177222
|
||||
1.0051924
|
||||
1.0187852
|
||||
1.0098985
|
||||
1.0097172
|
||||
1.0145811
|
||||
0.98721038
|
||||
1.0361722
|
||||
1.0105821
|
||||
0.99469309
|
||||
0.98626785
|
||||
1.013871
|
||||
0.99858924
|
||||
0.99302637
|
||||
1.0042186
|
||||
0.99623745
|
||||
0.98545708
|
||||
1.0225435
|
||||
1.0011861
|
||||
1.0130321
|
||||
0.97861347
|
||||
1.0228193
|
||||
0.99627435
|
||||
1.0272779
|
||||
1.0075172
|
||||
1.0096762
|
||||
1.0129306
|
||||
0.99966549
|
||||
1.0262882
|
||||
1.0026914
|
||||
1.0061475
|
||||
1.009523
|
||||
1.0036127
|
||||
0.99762992
|
||||
0.99092634
|
||||
1.0058469
|
||||
0.99887292
|
||||
1.0060653
|
||||
0.98673557
|
||||
0.98895709
|
||||
0.99111967
|
||||
0.990118
|
||||
0.99788054
|
||||
0.97054709
|
||||
1.0099157
|
||||
1.0107431
|
||||
0.99518695
|
||||
1.0114048
|
||||
0.99376019
|
||||
1.0023369
|
||||
0.98783327
|
||||
1.0051727
|
||||
1.0100462
|
||||
0.98607387
|
||||
1.0000064
|
||||
0.99692442
|
||||
1.012225
|
||||
0.99574078
|
||||
0.98642833
|
||||
0.99008207
|
||||
1.0197359
|
||||
1.0112849
|
||||
0.98711069
|
||||
0.99402748
|
||||
1.0242141
|
||||
1.0135349
|
||||
0.99842505
|
||||
1.0130714
|
||||
0.99887044
|
||||
1.0059058
|
||||
1.0185998
|
||||
1.0073314
|
||||
0.98687706
|
||||
1.0084551
|
||||
0.97698964
|
||||
0.99482714
|
||||
1.0015302
|
||||
1.0105331
|
||||
1.0261767
|
||||
1.0232822
|
||||
1.0084176
|
||||
0.99785167
|
||||
0.99619733
|
||||
1.0055223
|
||||
1.0076326
|
||||
0.99205461
|
||||
1.0030587
|
||||
1.0137012
|
||||
1.0145878
|
||||
1.0190297
|
||||
1.0000681
|
||||
1.0153894
|
||||
1.0140649
|
||||
1.0007236
|
||||
0.97961463
|
||||
1.0125257
|
||||
1.0169503
|
||||
1.0197363
|
||||
1.0221185
|
||||
|
||||
];
|
||||
|
||||
gp_obs =[
|
||||
1.0079715
|
||||
1.0115853
|
||||
1.0167502
|
||||
1.0068957
|
||||
1.0138189
|
||||
1.0258364
|
||||
1.0243817
|
||||
1.017373
|
||||
1.0020171
|
||||
1.0003742
|
||||
1.0008974
|
||||
1.0104804
|
||||
1.0116393
|
||||
1.0114294
|
||||
0.99932124
|
||||
0.99461459
|
||||
1.0170349
|
||||
1.0051446
|
||||
1.020639
|
||||
1.0051964
|
||||
1.0093042
|
||||
1.007068
|
||||
1.01086
|
||||
0.99590086
|
||||
1.0014883
|
||||
1.0117332
|
||||
0.9990095
|
||||
1.0108284
|
||||
1.0103672
|
||||
1.0036722
|
||||
1.0005124
|
||||
1.0190331
|
||||
1.0130978
|
||||
1.007842
|
||||
1.0285436
|
||||
1.0322054
|
||||
1.0213403
|
||||
1.0246486
|
||||
1.0419306
|
||||
1.0258867
|
||||
1.0156316
|
||||
0.99818589
|
||||
0.9894107
|
||||
1.0127584
|
||||
1.0146882
|
||||
1.0136529
|
||||
1.0340107
|
||||
1.0343652
|
||||
1.02971
|
||||
1.0077932
|
||||
1.0198114
|
||||
1.013971
|
||||
1.0061083
|
||||
1.0089573
|
||||
1.0037926
|
||||
1.0082071
|
||||
0.99498155
|
||||
0.99735772
|
||||
0.98765026
|
||||
1.006465
|
||||
1.0196088
|
||||
1.0053233
|
||||
1.0119974
|
||||
1.0188066
|
||||
1.0029302
|
||||
1.0183459
|
||||
1.0034218
|
||||
1.0158799
|
||||
0.98824798
|
||||
1.0274357
|
||||
1.0168832
|
||||
1.0180641
|
||||
1.0294657
|
||||
0.98864091
|
||||
1.0358326
|
||||
0.99889969
|
||||
1.0178322
|
||||
0.99813566
|
||||
1.0073549
|
||||
1.0215985
|
||||
1.0084245
|
||||
1.0080939
|
||||
1.0157021
|
||||
1.0075815
|
||||
1.0032633
|
||||
1.0117871
|
||||
1.0209276
|
||||
1.0077569
|
||||
0.99680958
|
||||
1.0120266
|
||||
1.0017625
|
||||
1.0138811
|
||||
1.0198358
|
||||
1.0059629
|
||||
1.0115416
|
||||
1.0319473
|
||||
1.0167074
|
||||
1.0116111
|
||||
1.0048627
|
||||
1.0217622
|
||||
1.0125221
|
||||
1.0142045
|
||||
0.99792469
|
||||
0.99823971
|
||||
0.99561547
|
||||
0.99850373
|
||||
0.9898464
|
||||
1.0030963
|
||||
1.0051373
|
||||
1.0004213
|
||||
1.0144117
|
||||
0.97185592
|
||||
0.9959518
|
||||
1.0073529
|
||||
1.0051603
|
||||
0.98642572
|
||||
0.99433423
|
||||
1.0112131
|
||||
1.0007695
|
||||
1.0176867
|
||||
1.0134363
|
||||
0.99926191
|
||||
0.99879835
|
||||
0.99878754
|
||||
1.0331374
|
||||
1.0077797
|
||||
1.0127221
|
||||
1.0047393
|
||||
1.0074106
|
||||
0.99784213
|
||||
1.0056495
|
||||
1.0057708
|
||||
0.98817494
|
||||
0.98742176
|
||||
0.99930555
|
||||
1.0000687
|
||||
1.0129754
|
||||
1.009529
|
||||
1.0226731
|
||||
1.0149534
|
||||
1.0164295
|
||||
1.0239469
|
||||
1.0293458
|
||||
1.026199
|
||||
1.0197525
|
||||
1.0126818
|
||||
1.0054473
|
||||
1.0254423
|
||||
1.0069461
|
||||
1.0153135
|
||||
1.0337515
|
||||
1.0178187
|
||||
1.0240469
|
||||
1.0079489
|
||||
1.0186953
|
||||
1.0008628
|
||||
1.0113799
|
||||
1.0140118
|
||||
1.0168007
|
||||
1.011441
|
||||
0.98422774
|
||||
0.98909729
|
||||
1.0157859
|
||||
1.0151586
|
||||
0.99756232
|
||||
0.99497777
|
||||
1.0102841
|
||||
1.0221659
|
||||
0.9937759
|
||||
0.99877193
|
||||
1.0079433
|
||||
0.99667692
|
||||
1.0095959
|
||||
1.0128804
|
||||
1.0156949
|
||||
1.0111951
|
||||
1.0228887
|
||||
1.0122083
|
||||
1.0190197
|
||||
1.0074927
|
||||
1.0268096
|
||||
0.99689352
|
||||
0.98948474
|
||||
1.0024938
|
||||
1.0105543
|
||||
1.014116
|
||||
1.0141217
|
||||
1.0056504
|
||||
1.0101026
|
||||
1.0105069
|
||||
0.99619053
|
||||
1.0059439
|
||||
0.99449473
|
||||
0.99482458
|
||||
1.0037702
|
||||
1.0068087
|
||||
0.99575975
|
||||
1.0030815
|
||||
1.0334014
|
||||
0.99879386
|
||||
0.99625634
|
||||
1.0171195
|
||||
0.99233844
|
||||
|
||||
];
|
||||
|
||||
|
|
@ -0,0 +1,82 @@
|
|||
/*
|
||||
* An elementary RBC model, simulated in a deterministic setup.
|
||||
*
|
||||
* The model is the following: this is a closed economy, with a representative
|
||||
* agent. The utility is equal to 'c^(1-gam)/(1-gam)', where 'c' is consumption
|
||||
* and 'gam' is relative risk aversion. The subjective discount is 'bet'.
|
||||
*
|
||||
* The production function equals 'aa*x*k(-1)^alph', where 'aa' is a constant,
|
||||
* 'x' is a stochastic technology level variable, 'k' is capital (using
|
||||
* end-of-period timing convention, which is Dynare's default), and 'alph' is
|
||||
* another constant.
|
||||
*
|
||||
* Capital stock evolves according to the usual law of motion, where 'delt'
|
||||
* is the depreciation rate.
|
||||
*/
|
||||
|
||||
/*
|
||||
* Copyright (C) 2001-2010 Dynare Team
|
||||
*
|
||||
* This file is part of Dynare.
|
||||
*
|
||||
* Dynare is free software: you can redistribute it and/or modify
|
||||
* it under the terms of the GNU General Public License as published by
|
||||
* the Free Software Foundation, either version 3 of the License, or
|
||||
* (at your option) any later version.
|
||||
*
|
||||
* Dynare is distributed in the hope that it will be useful,
|
||||
* but WITHOUT ANY WARRANTY; without even the implied warranty of
|
||||
* MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
|
||||
* GNU General Public License for more details.
|
||||
*
|
||||
* You should have received a copy of the GNU General Public License
|
||||
* along with Dynare. If not, see <http://www.gnu.org/licenses/>.
|
||||
*/
|
||||
|
||||
|
||||
// Endogenous variables: consumption and capital
|
||||
var c k;
|
||||
|
||||
// Exogenous variable: technology level
|
||||
varexo x;
|
||||
|
||||
// Parameters declaration and calibration
|
||||
parameters alph gam delt bet aa;
|
||||
alph=0.5;
|
||||
gam=0.5;
|
||||
delt=0.02;
|
||||
bet=0.05;
|
||||
aa=0.5;
|
||||
|
||||
// Equilibrium conditions
|
||||
model;
|
||||
c + k - aa*x*k(-1)^alph - (1-delt)*k(-1); // Resource constraint
|
||||
c^(-gam) - (1+bet)^(-1)*(aa*alph*x(+1)*k^(alph-1) + 1 - delt)*c(+1)^(-gam); // Euler equation
|
||||
end;
|
||||
|
||||
// Steady state (analytically solved)
|
||||
initval;
|
||||
x = 1;
|
||||
k = ((delt+bet)/(1.0*aa*alph))^(1/(alph-1));
|
||||
c = aa*k^alph-delt*k;
|
||||
end;
|
||||
|
||||
// Check that this is indeed the steady state
|
||||
steady;
|
||||
|
||||
// Check the Blanchard-Kahn conditions
|
||||
check;
|
||||
|
||||
// Declare a positive technological shock in period 1
|
||||
shocks;
|
||||
var x;
|
||||
periods 1;
|
||||
values 1.2;
|
||||
end;
|
||||
|
||||
// Deterministic simulation of the model for 200 periods
|
||||
simul(periods=200);
|
||||
|
||||
// Display the path of consumption and capital
|
||||
rplot c;
|
||||
rplot k;
|
||||
|
|
@ -130,7 +130,7 @@ Section "Dynare++ (standalone executable)"
|
|||
File ..\dynare++\src\atlas.dll ..\dynare++\src\blas.dll ..\dynare++\src\cblas.dll ..\dynare++\src\lapack.dll ..\dynare++\src\libgcc_s_dw2-1.dll ..\dynare++\src\libgfortran-3.dll
|
||||
SectionEnd
|
||||
|
||||
Section "Documentation (Dynare and Dynare++)"
|
||||
Section "Documentation and examples (Dynare and Dynare++)"
|
||||
SetOutPath $INSTDIR\doc
|
||||
File ..\doc\manual.pdf ..\doc\guide.pdf ..\doc\userguide\UserGuide.pdf ..\doc\bvar-a-la-sims.pdf ..\doc\dr.pdf ..\doc\macroprocessor\macroprocessor.pdf ..\doc\preprocessor\preprocessor.pdf
|
||||
|
||||
|
|
@ -141,6 +141,12 @@ Section "Documentation (Dynare and Dynare++)"
|
|||
File ..\dynare++\doc\dynare++-tutorial.pdf ..\dynare++\doc\dynare++-ramsey.pdf ..\dynare++\sylv\sylvester.pdf ..\dynare++\tl\cc\tl.pdf ..\dynare++\integ\cc\integ.pdf ..\dynare++\kord\kord.pdf
|
||||
|
||||
CreateShortcut "${SMLOC}\Documentation.lnk" "$INSTDIR\doc"
|
||||
|
||||
SetOutPath $INSTDIR\examples
|
||||
File ..\examples\*
|
||||
|
||||
CreateShortcut "${SMLOC}\Examples.lnk" "$INSTDIR\examples"
|
||||
|
||||
SectionEnd
|
||||
|
||||
Section "Uninstall"
|
||||
|
|
@ -155,6 +161,7 @@ Section "Uninstall"
|
|||
Rmdir /r $INSTDIR\mex
|
||||
Rmdir /r $INSTDIR\dynare++
|
||||
Rmdir /r $INSTDIR\doc
|
||||
Rmdir /r $INSTDIR\examples
|
||||
# We don't force deletion of installation directory (with /r), to avoid deleting important files
|
||||
Rmdir $INSTDIR
|
||||
|
||||
|
|
|
|||
Loading…
Reference in New Issue