86 lines
2.0 KiB
Modula-2
86 lines
2.0 KiB
Modula-2
/*
|
|
* This file is a modified version of 'fs2000.mod'.
|
|
*
|
|
* The difference is that, here, the equations are written in non-stationary form,
|
|
* all variables are taken in logs, and Dynare automatically does the detrending.
|
|
*
|
|
* Also note that "m" and "dA" in 'fs2000.mod' are here called "gM" and "gA"
|
|
*/
|
|
|
|
/*
|
|
* Copyright © 2004-2013 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;
|
|
log_trend_var(log_growth_factor=gA) A;
|
|
log_trend_var(log_growth_factor=gM) M;
|
|
var(log_deflator=A) k c y;
|
|
var(log_deflator=M(-1)-A) P;
|
|
var(log_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 = gam+e_a;
|
|
gM = (1-rho)*log(mst) + rho*gM(-1)+e_m;
|
|
exp(c)+exp(k) = exp(k(-1))^alp*(exp(A)*exp(n))^(1-alp)+(1-del)*exp(k(-1));
|
|
P+c = M;
|
|
P-(c(+1)+P(+1))=log(bet)+P(+1)+log(alp*exp(k)^(alp-1)*(exp(A(+1)+n(+1)))^(1-alp)+(1-del))-(c(+2)+P(+2));
|
|
log(psi/(1-psi))+(c+P-log(1-exp(n)))=W;
|
|
R = P+log(1-alp)+alp*k(-1)+(1-alp)*A+(-alp)*n-W;
|
|
W = l-n;
|
|
exp(M)-exp(M(-1))+exp(d) = exp(l);
|
|
-(c+P)=log(bet)+R-(c(+1)+P(+1));
|
|
y = alp*k(-1)+(1-alp)*(A+n);
|
|
end;
|
|
|
|
initval;
|
|
k = log(6);
|
|
gM = log(mst);
|
|
P = log(2.25);
|
|
c = log(0.45);
|
|
W = log(4);
|
|
R = log(1.02);
|
|
d = log(0.85);
|
|
n = log(0.19);
|
|
l = log(0.86);
|
|
y = log(0.6);
|
|
gA = gam;
|
|
end;
|
|
|
|
shocks;
|
|
var e_a; stderr 0.014;
|
|
var e_m; stderr 0.005;
|
|
end;
|
|
|
|
steady;
|
|
|
|
check;
|
|
|
|
stoch_simul;
|