diff --git a/tests/occbin/model_borrcon/borrcon.mod b/tests/occbin/model_borrcon/borrcon.mod index 5542407ef..76d37c3c6 100644 --- a/tests/occbin/model_borrcon/borrcon.mod +++ b/tests/occbin/model_borrcon/borrcon.mod @@ -1,4 +1,8 @@ -//Test Occbin with 1 constraint and redundant shocks; also checks whether defaults for error_* are correct +/* +Test Occbin with 1 constraint; Note that the reference regime is one where the borrowing +constraint is binding, i.e. the relax condition specifies the condition where we return to +the reference regime with a binding constraint. +*/ var b ${b}$ (long_name='borrowing') c ${c}$ (long_name='vonsumption') @@ -6,7 +10,7 @@ var b ${b}$ (long_name='borrowing') lb ${\lambda}$ (long_name='Lagrange multiplier') y ${y}$ (long_name='Output') c_hat ${\hat c}$ - b_hat ${\hat c}$ + b_hat ${\hat b}$ y_hat ${\hat y}$ ; varexo u $u$; diff --git a/tests/occbin/model_borrcon/borrcon_0_std_shocks.mod b/tests/occbin/model_borrcon/borrcon_0_std_shocks.mod index 602320a52..b9e67a9ac 100644 --- a/tests/occbin/model_borrcon/borrcon_0_std_shocks.mod +++ b/tests/occbin/model_borrcon/borrcon_0_std_shocks.mod @@ -6,7 +6,7 @@ var b ${b}$ (long_name='borrowing') lb ${\lambda}$ (long_name='Lagrange multiplier') y ${y}$ (long_name='Output') c_hat ${\hat c}$ - b_hat ${\hat c}$ + b_hat ${\hat b}$ y_hat ${\hat y}$ ;