37 lines
798 B
Modula-2
37 lines
798 B
Modula-2
// This file deals with the resolution and estimation of a basic DSGE model with
|
|
//employment for comparison with the benchmark in Gauss which solves with
|
|
//the same particular filter but global methodology.
|
|
//
|
|
// January 2010
|
|
|
|
var k A c l i y;
|
|
varexo e_a;
|
|
|
|
parameters alp bet tet tau delt rho ;
|
|
alp = 0.4;
|
|
bet = 0.99;
|
|
tet = 0.357 ;
|
|
tau = 50 ;
|
|
delt = 0.02;
|
|
rho = 0.95;
|
|
|
|
model;
|
|
c = ((1 - alp)*tet/(1-tet))*A*(1-l)*((k(-1)/l)^alp);
|
|
y = A*(k(-1)^alp)*(l^(1-alp)) ;
|
|
i = y-c ;
|
|
k = (1-delt)*k(-1) + i ;
|
|
log(A) = rho*log(A(-1)) + e_a ;
|
|
(((c^(tet))*((1-l)^(1-tet)))^(1-tau))/c - bet*((((c(+1)^(tet))*((1-l(+1))^(1-tet)))^(1-tau))/c(+1))*(1 -delt+alp*(A(1)*(k^alp)*(l(1)^(1-alp)))/k)=0 ;
|
|
end;
|
|
|
|
shocks;
|
|
var e_a; stderr 0.035;
|
|
end;
|
|
|
|
steady;
|
|
|
|
stoch_simul;
|
|
|
|
save dsge_base2.mat oo_ M_ options_;
|
|
close all, clc;
|