72 lines
1.6 KiB
Modula-2
72 lines
1.6 KiB
Modula-2
// See fs2000.mod in the examples/ directory for details on the model
|
|
// This file is the same than fs2000a.mod, except that it is written in non-stationary form
|
|
// Notational changes: "m" and "dA" in fs2000a.mod are here called "gM" and "gA"
|
|
|
|
var gM ${g^M}$ gA ${g^A}$;
|
|
trend_var(growth_factor=gA) A;
|
|
trend_var(growth_factor=gM) M;
|
|
var(deflator=A) k c y;
|
|
var(deflator=M(-1)/A) P;
|
|
var(deflator=M(-1)) W l d;
|
|
var R n;
|
|
varexo e_a ${e^A}$ e_m ${e^M}$;
|
|
|
|
parameters alp $\alpha$ bet $\beta$ gam $\gamma$ mst rho $\rho$ psi $\psi$ del $\delta$;
|
|
|
|
alp = 0.33;
|
|
bet = 0.99;
|
|
gam = 0.003;
|
|
mst = 1.011;
|
|
rho = 0.7;
|
|
psi = 0.787;
|
|
del = 0.02;
|
|
|
|
model;
|
|
gA = exp(gam+e_a);
|
|
log(gM) = (1-rho)*log(mst) + rho*log(gM(-1))+e_m;
|
|
c+k = k(-1)^alp*(A*n)^(1-alp)+(1-del)*k(-1);
|
|
P*c = M;
|
|
P/(c(+1)*P(+1))=bet*P(+1)*(alp*k^(alp-1)*(A(+1)*n(+1))^(1-alp)+(1-del))/(c(+2)*P(+2));
|
|
(psi/(1-psi))*(c*P/(1-n))=W;
|
|
R = P*(1-alp)*k(-1)^alp*A^(1-alp)*n^(-alp)/W;
|
|
W = l/n;
|
|
M-M(-1)+d = l;
|
|
1/(c*P)=bet*R/(c(+1)*P(+1));
|
|
y = k(-1)^alp*(A*n)^(1-alp);
|
|
end;
|
|
|
|
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;
|
|
var e_a; stderr 0.014;
|
|
var e_m; stderr 0.005;
|
|
end;
|
|
|
|
steady;
|
|
|
|
check;
|
|
|
|
write_latex_dynamic_model;
|
|
|
|
stoch_simul(nograph); |