51 lines
1.7 KiB
Modula-2
51 lines
1.7 KiB
Modula-2
var Efficiency // $A$
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EfficiencyGrowth // $X$
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Population // $L$
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PopulationGrowth // $N$
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Output // $Y$
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PhysicalCapitalStock ; // $K$
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varexo e_x // $\varepsilon_x$
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e_n ; // $\varepsilon_n$
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parameters alpha // $\alpha$
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epsilon // $\varepsilon$
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delta // $\delta$
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s // $s$
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rho_x // $\rho_x$
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rho_n // $\rho_n$
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EfficiencyGrowth_ss // $X^{\star}$
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PopulationGrowth_ss ; // $N^{\star}$
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alpha = .33;
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epsilon = .70;
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delta = .02;
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s = .20;
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rho_x = .90;
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rho_n = .95;
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EfficiencyGrowth_ss = 1.02;
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PopulationGrowth_ss = 1.02;
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model;
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Efficiency = EfficiencyGrowth*Efficiency(-1);
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EfficiencyGrowth/EfficiencyGrowth_ss = (EfficiencyGrowth(-1)/EfficiencyGrowth_ss)^(rho_x)*exp(e_x);
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Population = PopulationGrowth*Population(-1);
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PopulationGrowth/PopulationGrowth_ss = (PopulationGrowth(-1)/PopulationGrowth_ss)^(rho_n)*exp(e_n);
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Output = (alpha*PhysicalCapitalStock(-1)^((epsilon-1)/epsilon)+(1-alpha)*(Efficiency*Population)^((epsilon-1)/epsilon))^(epsilon/(epsilon-1));
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PhysicalCapitalStock = (1-delta)*PhysicalCapitalStock(-1) + s*Output;
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end;
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histval;
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Efficiency(0) = 1;
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EfficiencyGrowth(0) = 1.02;
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Population(0) = 1;
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PopulationGrowth(0) = 1.02;
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PhysicalCapitalStock(0) = 1;
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end;
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shocks;
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var e_x = 0;
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var e_n = 0;
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end;
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simulations = simul_backward_model([], 500); |