40 lines
793 B
Modula-2
40 lines
793 B
Modula-2
var y c k i l y_l w r z;
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varexo e;
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parameters beta psi delta alpha rho epsilon;
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model;
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(1/c) = beta*(1/c(+1))*(1+r(+1)-delta);
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psi*c/(1-l) = w;
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c+i = y;
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y = (k(-1)^alpha)*(exp(z)*l)^(1-alpha);
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w = y*((epsilon-1)/epsilon)*(1-alpha)/l;
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r = y*((epsilon-1)/epsilon)*alpha/k(-1);
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i = k-(1-delta)*k(-1);
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y_l = y/l;
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z = rho*z(-1)+e;
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end;
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varobs y;
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initval;
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k = 9;
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c = 0.76;
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l = 0.3;
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w = 2.07;
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r = 0.03;
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z = 0;
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e = 0;
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end;
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estimated_params;
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alpha, beta_pdf, 0.35, 0.02;
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beta, beta_pdf, 0.99, 0.002;
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delta, beta_pdf, 0.025, 0.003;
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psi, gamma_pdf, 1.75, 0.1;
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rho, beta_pdf, 0.95, 0.05;
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epsilon, gamma_pdf, 10, 0.5;
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stderr e, inv_gamma_pdf, 0.01, inf;
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end;
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estimation(datafile=simuldataRBC,nobs=200,first_obs=500,mh_replic=2000,mh_nblocks=2,mh_drop=0.45,mh_jscale=0.8,mode_compute=4);
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