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Merge pull request #970 from JohannesPfeifer/fs2000_examples 

Cosmetic changes to fs2000 examples
time-shift
Stéphane Adjemian 2015-07-09 09:04:07 +02:00
parent b5a0114872 85099e0fb7
commit e16ed447cd
2 changed files with 26 additions and 17 deletions
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8
examples/fs2000.mod
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@ -1,7 +1,7 @@
/*
* 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.
* This file replicates the estimation of the cash in advance model (termed M1
* in the paper) described in 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.
@ -17,7 +17,7 @@
*/
/*
* Copyright (C) 2004-2010 Dynare Team
* Copyright (C) 2004-2015 Dynare Team
*
* This file is part of Dynare.
*

35
examples/fs2000_nonstationary.mod
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@ -8,7 +8,7 @@
*/
/*
* Copyright (C) 2004-2010 Dynare Team
* Copyright (C) 2004-2015 Dynare Team
*
* This file is part of Dynare.
*
@ -59,18 +59,27 @@ M-M(-1)+d = l;
y = k(-1)^alp*(A*n)^(1-alp);
end;
initval;
k = 6;
gM = mst;
P = 2.25;
c = 0.45;
W = 4;
R = 1.02;
d = 0.85;
n = 0.19;
l = 0.86;
y = 0.6;
gA = exp(gam);
steady_state_model;
gA = exp(gam);
gst = 1/gA;
gM = mst;
khst = ( (1-gst*bet*(1-del)) / (alp*gst^alp*bet) )^(1/(alp-1));
xist = ( ((khst*gst)^alp - (1-gst*(1-del))*khst)/mst )^(-1);
nust = psi*mst^2/( (1-alp)*(1-psi)*bet*gst^alp*khst^alp );
n = xist/(nust+xist);
P = xist + nust;
k = khst*n;
l = psi*mst*n/( (1-psi)*(1-n) );
c = mst/P;
d = l - mst + 1;
y = k^alp*n^(1-alp)*gst^alp;
R = mst/bet;
W = l/n;
ist = y-c;
q = 1 - d;
e = 1;
end;
shocks;