35 lines
604 B
Modula-2
35 lines
604 B
Modula-2
var c k z_forward z_backward;
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varexo x z_shock;
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parameters alph gam delt bet aa;
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alph=0.5;
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gam=0.5;
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delt=0.02;
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bet=0.05;
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aa=0.5;
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model;
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c + k - aa*x*k(-1)^alph - (1-delt)*k(-1); // Resource constraint
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c^(-gam) - (1+bet)^(-1)*(aa*alph*x(+1)*k^(alph-1) + 1 - delt)*c(+1)^(-gam); // Euler equation
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z_backward=0.1*1+0.3*z_backward(-1)+0.3*z_backward(-2)+0.3*z_backward(-3)+(x(-4)-1);
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z_forward=0.1*1+0.45*z_forward(+1)+0.45*z_forward(+2)+(x(+4)-1);
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end;
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initval;
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c = 1.2;
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k = 12;
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x = 1;
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end;
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histval;
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x(-1)=1.30;
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x(-2)=1.30;
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end;
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shocks;
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var x;
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periods 2;
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values 0.9;
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end;
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simul(periods=200,maxit=100); |