discretionary_policy: Add check whether equation number is consistent with declared number of instruments
Also fixes unit test that violated this.time-shift
parent
3b64c37cb3
commit
9e504a1293
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@ -88,7 +88,13 @@ end
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eq_nbr= size(jacobia_,1);
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instr_nbr=endo_nbr-eq_nbr;
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if instr_nbr==0
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error('discretionary_policy:: There are no available instruments, because the model has as many equations as variables.')
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end
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if size(Instruments,1)~= instr_nbr
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error('discretionary_policy:: There are more declared instruments than omitted equations.')
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end
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instr_id=nan(instr_nbr,1);
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for j=1:instr_nbr
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vj=deblank(Instruments(j,:));
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@ -19,7 +19,7 @@ y = y(+1) -(omega/sigma)*(i-pi(+1))+g;
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pi = beta*pi(+1)+kappa*y+u;
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pi_c = pi+(alpha/(1-alpha))*(q-q(-1));
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q = q(+1)-(1-alpha)*(i-pi(+1))+(1-alpha)*e;
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i = 1.5*pi;
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% i = 1.5*pi;
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end;
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shocks;
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@ -29,6 +29,5 @@ var e; stderr 1;
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end;
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planner_objective pi_c^2 + y^2;
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discretionary_policy(instruments=(i),irf=0,qz_criterium=0.999999);
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discretionary_policy(instruments=(i),irf=0,planner_discount=beta);
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