51 lines
1002 B
Modula-2
51 lines
1002 B
Modula-2
// Example 2 from Collard's guide to Dynare
|
|
var y, c, k, a, h, b;
|
|
varexo e, u;
|
|
|
|
parameters beta, rho, alpha, delta, theta, psi, tau;
|
|
|
|
alpha = 0.36;
|
|
rho = 0.95;
|
|
tau = 0.025;
|
|
beta = 0.99;
|
|
delta = 0.025;
|
|
psi = 0;
|
|
theta = 2.95;
|
|
|
|
model;
|
|
exp(c)*theta*exp(h)^(1+psi)=(1-alpha)*exp(y);
|
|
exp(k) = beta*(((exp(b)*exp(c))/(exp(b(+1))*exp(c(+1))))
|
|
*(exp(b(+1))*alpha*exp(y(+1))+(1-delta)*exp(k)));
|
|
exp(y) = exp(a)*(exp(k(-1))^alpha)*(exp(h)^(1-alpha));
|
|
exp(k) = exp(b)*(exp(y)-exp(c))+(1-delta)*exp(k(-1));
|
|
a = rho*a(-1)+tau*b(-1) + e;
|
|
b = tau*a(-1)+rho*b(-1) + u;
|
|
end;
|
|
|
|
initval;
|
|
y = 0.1;
|
|
c = -0.2;
|
|
h = -1.2;
|
|
k = 2.4;
|
|
a = 0;
|
|
b = 0;
|
|
e = 0;
|
|
u = 0;
|
|
end;
|
|
|
|
steady;
|
|
|
|
shocks;
|
|
var e = 0.009^2;
|
|
var u = 0.009^2;
|
|
end;
|
|
|
|
stoch_simul(periods=2000, drop=200);
|
|
|
|
%% test that simul_replic does not affect simulated moments
|
|
moments_temp=oo_.var;
|
|
set_dynare_seed('default');
|
|
stoch_simul(periods=2000, drop=200,simul_replic=2);
|
|
if ~isequal(moments_temp,oo_.var)
|
|
error('Simul_replic affects simulated moments')
|
|
end |