stepan
/
dynare
1
0
Fork 0
Code Issues Pull Requests Packages Projects Releases Wiki Activity

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
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

8
examples/fs2000.mod
View File

@ -1,7 +1,7 @@
/* /*
* This file replicates the estimation of the cash in advance model described * This file replicates the estimation of the cash in advance model (termed M1
* Frank Schorfheide (2000): "Loss function-based evaluation of DSGE models", * in the paper) described in Frank Schorfheide (2000): "Loss function-based
* Journal of Applied Econometrics, 15(6), 645-670. * 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. * The data are in file "fsdat_simul.m", and have been artificially generated.
* They are therefore different from the original dataset used by Schorfheide. * 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. * This file is part of Dynare.
* *

35
examples/fs2000_nonstationary.mod
View File

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