79 lines
1.6 KiB
Modula-2
79 lines
1.6 KiB
Modula-2
// Test for var(log, deflator=…)
|
|
|
|
/*
|
|
* Copyright © 2004-2022 Dynare Team
|
|
*
|
|
* This file is part of Dynare.
|
|
*
|
|
* Dynare is free software: you can redistribute it and/or modify
|
|
* it under the terms of the GNU General Public License as published by
|
|
* the Free Software Foundation, either version 3 of the License, or
|
|
* (at your option) any later version.
|
|
*
|
|
* Dynare is distributed in the hope that it will be useful,
|
|
* but WITHOUT ANY WARRANTY; without even the implied warranty of
|
|
* MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
|
|
* GNU General Public License for more details.
|
|
*
|
|
* You should have received a copy of the GNU General Public License
|
|
* along with Dynare. If not, see <https://www.gnu.org/licenses/>.
|
|
*/
|
|
|
|
var gM gA;
|
|
trend_var(growth_factor=gA) A;
|
|
trend_var(growth_factor=gM) M;
|
|
var(log, 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_m;
|
|
|
|
parameters alp bet gam mst rho psi del;
|
|
|
|
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;
|
|
|
|
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);
|
|
end;
|
|
|
|
shocks;
|
|
var e_a; stderr 0.014;
|
|
var e_m; stderr 0.005;
|
|
end;
|
|
|
|
steady;
|
|
|
|
check;
|
|
|
|
stoch_simul;
|