Removed call to mean_preserving_spread routine in tests/rbc.mod.
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63e4bb3f87
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b82813d3f9
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@ -17,9 +17,7 @@ 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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sigma = 0.0010;
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external_function(name=mean_preserving_spread,nargs=2);
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sigma = 0.010;
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model(use_dll);
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@ -27,7 +25,7 @@ model(use_dll);
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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,sigma));
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Efficiency = effstar*exp(efficiency-.5*sigma*sigma/(1-rho*rho));
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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 +46,7 @@ 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;
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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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@ -72,7 +70,7 @@ shocks;
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var EfficiencyInnovation = 1;
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end;
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steady;
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steady(nocheck);
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options_.ep.verbosity = 0;
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