// Same model as sim_lead_lag_aux_vars.mod, but no user-crafted auxiliary variables to deal with leads and lags var c k z_forward z_backward; varexo x; parameters alph gam delt bet aa; alph=0.5; gam=0.5; delt=0.02; bet=0.05; aa=0.5; model; c + k - aa*x*k(-1)^alph - (1-delt)*k(-1); // Resource constraint c^(-gam) - (1+bet)^(-1)*(aa*alph*x(+1)*k^(alph-1) + 1 - delt)*c(+1)^(-gam); // Euler equation z_backward=0.1*1+0.3*z_backward(-1)+0.3*z_backward(-2)+0.3*z_backward(-3)+(x(-4)-1); z_forward=0.1*1+0.45*z_forward(+1)+0.45*z_forward(+2)+(x(+4)-1); end; initval; c = 1.2; k = 12; x = 1; %set x steady state end; histval; k(0) = 12; x(0) = 1; x(-1)=1.30; %set x(-1) x(-2)=1.30; %set x(-2) z_backward(0)=0.5; %set z_backward(0) z_backward(-1)=0.4; %set z_backward(-1) z_backward(-2)=0.9; %set z_backward(-2) end; shocks; var x; %set x(2) periods 2; values 0.9; end; perfect_foresight_setup(periods=200); perfect_foresight_solver(maxit=100); if ~oo_.deterministic_simulation.status error('Perfect foresight simulation failed') end base_results=load(['sim_base' filesep 'Output' filesep 'sim_base_results.mat']); if max(abs(base_results.oo_.endo_simul(strmatch('c',base_results.M_.endo_names,'exact'),1+base_results.M_.maximum_endo_lag:end-base_results.M_.maximum_endo_lead) -... oo_.endo_simul(strmatch('c',M_.endo_names,'exact'),1+M_.maximum_lag:end-M_.maximum_lead)))>1e-8 || ... max(abs(base_results.oo_.endo_simul(strmatch('k',base_results.M_.endo_names,'exact'),1+base_results.M_.maximum_endo_lag:end-base_results.M_.maximum_endo_lead) -... oo_.endo_simul(strmatch('k',M_.endo_names,'exact'),1+M_.maximum_lag:end-M_.maximum_lead)))>1e-8 error('Autonomous system part is wrong') end clear base_results base_results_aux_vars=load(['sim_exo_lead_lag_aux_vars' filesep 'Output' filesep 'sim_exo_lead_lag_aux_vars_results.mat']); if max(abs(base_results_aux_vars.oo_.endo_simul(strmatch('x_lag_3',base_results_aux_vars.M_.endo_names,'exact'),base_results_aux_vars.M_.maximum_lag+3:end-base_results_aux_vars.M_.maximum_lead)' -... oo_.exo_simul(M_.maximum_lag:end-M_.maximum_lead-3,strmatch('x', M_.exo_names, 'exact'))))>1e-8 error('Translation of aux vars is wrong') end