81 lines
2.1 KiB
Modula-2
81 lines
2.1 KiB
Modula-2
/*
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* Example 1 from F. Collard (2001): "Stochastic simulations with DYNARE:
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* A practical guide" (see "guide.pdf" in the documentation directory).
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*/
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/*
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* Copyright (C) 2001-2017 Dynare Team
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*
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* This file is part of Dynare.
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*
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* Dynare is free software: you can redistribute it and/or modify
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* it under the terms of the GNU General Public License as published by
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* the Free Software Foundation, either version 3 of the License, or
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* (at your option) any later version.
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*
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* Dynare is distributed in the hope that it will be useful,
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* but WITHOUT ANY WARRANTY; without even the implied warranty of
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* MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
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* GNU General Public License for more details.
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*
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* You should have received a copy of the GNU General Public License
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* along with Dynare. If not, see <http://www.gnu.org/licenses/>.
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*/
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var y, c, k, a, h, b;
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varexo e, u;
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parameters beta, rho, alpha, delta, theta, psi, tau;
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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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theta = 2.95;
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phi = 0.1;
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model;
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c*theta*h^(1+psi)=(1-alpha)*y;
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k = beta*(((exp(b)*c)/(exp(b(+1))*c(+1)))
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*(exp(b(+1))*alpha*y(+1)+(1-delta)*k));
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y = exp(a)*(k(-1)^alpha)*(h^(1-alpha));
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k = exp(b)*(y-c)+(1-delta)*k(-1);
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a = rho*a(-1)+tau*b(-1) + e;
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b = tau*a(-1)+rho*b(-1) + u;
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end;
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initval;
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y = 1.08068253095672;
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c = 0.80359242014163;
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h = 0.29175631001732;
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k = 11.08360443260358;
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a = 0;
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b = 0;
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e = 0;
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u = 0;
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end;
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shocks;
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var e; stderr 0.009;
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var u; stderr 0.009;
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var e, u = phi*0.009*0.009;
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end;
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steady(solve_algo=4,maxit=1000);
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stoch_simul;
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dyn_432_results=load('example1_results_dyn_432.mat');
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if max(max(abs(oo_.dr.ghx-dyn_432_results.oo_.dr.ghx)))>1e-6 || max(max(abs(oo_.dr.ghu-dyn_432_results.oo_.dr.ghu))) >1e-6
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error('First order decision rules wrong')
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end
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if max(max(abs(oo_.dr.ghxx-dyn_432_results.oo_.dr.ghxx)))>1e-6 || max(max(abs(oo_.dr.ghuu-dyn_432_results.oo_.dr.ghuu))) >1e-6 ...
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|| max(max(abs(oo_.dr.ghxu-dyn_432_results.oo_.dr.ghxu))) >1e-6 || max(max(abs(oo_.dr.ghs2-dyn_432_results.oo_.dr.ghs2))) >1e-6
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error('Second order decision rules wrong')
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end
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