38 lines
1.2 KiB
Modula-2
38 lines
1.2 KiB
Modula-2
// --+ options: nostrict +--
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/*
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** Same as ex1.mod without the first equation -> h is an exogenous variable, psi is not a model object (because it
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** is not used in the remaining equations), and theta is an exogenous equation (see the last equation).
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*/
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model;
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//c*theta|p*h|e^(1+psi|p)=(1-alpha)*y;
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k|e = beta|p*(((exp(b)*c)/(exp(b(+1))*c(+1)))
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*(exp(b(+1))*alpha|p*y(+1)+(1-delta)*k));
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y|e = exp(a)*(k(-1)^alpha)*(h^(1-alpha));
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k = exp(b)*(y-c|e)+(1-delta|p)*k(-1);
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a|e = rho|p*a(-1)+tau*b(-1) + e|x;
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b|e = tau|p*a(-1)+rho*b(-1) + u|x + .0*theta; // The last term is here just for testing purpose.
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end;
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alpha = 0.36;
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rho = 0.95;
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tau = 0.025;
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beta = 0.99;
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delta = 0.025;
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psi = 0;
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// If the following line is uncommented, this will trigger an error from the preprocessor
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// because it is not allowed to give a value to an exogenous variable.
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//theta = 2.95;
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phi = 0.1;
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if ~isequal(length(intersect(M_.endo_names, {'c'; 'y'; 'k'; 'b'; 'a'})), 5)
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error('Endogenous variables are wrong.')
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end
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if ~isequal(length(intersect(M_.param_names, {'alpha'; 'beta'; 'delta'; 'rho'; 'tau'})), 5)
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error('Parameters are wrong.')
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end
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if ~isequal(length(intersect(M_.exo_names, {'e'; 'u'; 'h'; 'theta'})), 4)
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error('Exogenous variables are wrong.')
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end |