Fixed bug and cosmetic changes.
parent
f9d8ee682c
commit
a219a4b9e7
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@ -2,7 +2,7 @@ var Capital, Output, Labour, Consumption, Efficiency, efficiency, ExpectedTerm;
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varexo EfficiencyInnovation;
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parameters beta, theta, tau, alpha, psi, delta, rho, effstar, sigma2;
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parameters beta, theta, tau, alpha, psi, delta, rho, effstar, sigma;
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/*
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** Calibration
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@ -17,17 +17,17 @@ psi = -5.000;
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delta = 0.020;
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rho = 0.950;
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effstar = 1.000;
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sigma2 = 0.0001;
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sigma = 0.0010;
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external_function(name=mean_preserving_spread,nargs=2);
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model(use_dll);
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// Eq. n°1:
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efficiency = rho*efficiency(-1) + EfficiencyInnovation;
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efficiency = rho*efficiency(-1) + sigma*EfficiencyInnovation;
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// Eq. n°2:
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Efficiency = effstar*exp(efficiency-mean_preserving_spread(rho,sigma2));
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Efficiency = effstar*exp(efficiency-mean_preserving_spread(rho,sigma));
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// Eq. n°3:
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Output = Efficiency*(alpha*(Capital(-1)^psi)+(1-alpha)*(Labour^psi))^(1/psi);
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@ -48,7 +48,7 @@ end;
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steady_state_model;
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efficiency = 0;
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Efficiency = effstar*exp(efficiency-mean_preserving_spread(rho,sigma2));
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Efficiency = effstar;//*exp(efficiency-mean_preserving_spread(rho,sigma2));
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// Compute steady state ratios.
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Output_per_unit_of_Capital=((1/beta-1+delta)/alpha)^(1/(1-psi));
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Consumption_per_unit_of_Capital=Output_per_unit_of_Capital-delta;
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@ -69,21 +69,26 @@ end;
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shocks;
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var EfficiencyInnovation = sigma2;
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var EfficiencyInnovation = 1;
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end;
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steady;
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options_.ep.verbosity = 0;
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options_.ep.stochastic.nodes = 2;
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options_.console_mode = 0;
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options_.ep.stochastic.order = 0;
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//ts0 = extended_path([],100);
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ts0 = extended_path([],100);
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options_.ep.stochastic.order = 1;
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//ts1 = extended_path([],100);
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options_.ep.stochastic.nodes = 3;
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ts1_3 = extended_path([],100);
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options_.ep.stochastic.nodes = 5;
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ts1_5 = extended_path([],100);
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options_.ep.stochastic.order = 2;
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ts2 = extended_path([],100);
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options_.ep.stochastic.nodes = 3;
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ts2_3 = extended_path([],100);
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options_.ep.stochastic.nodes = 5;
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ts2_5 = extended_path([],100);
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