74 lines
1.8 KiB
Modula-2
74 lines
1.8 KiB
Modula-2
// test mode_compute=6
|
|
// See fs2000.mod in the examples/ directory for details on the model
|
|
|
|
var m P c e W R k d n l gy_obs gp_obs y dA;
|
|
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;
|
|
dA = exp(gam+e_a);
|
|
log(m) = (1-rho)*log(mst) + rho*log(m(-1))+e_m;
|
|
-P/(c(+1)*P(+1)*m)+bet*P(+1)*(alp*exp(-alp*(gam+log(e(+1))))*k^(alp-1)*n(+1)^(1-alp)+(1-del)*exp(-(gam+log(e(+1)))))/(c(+2)*P(+2)*m(+1))=0;
|
|
W = l/n;
|
|
-(psi/(1-psi))*(c*P/(1-n))+l/n = 0;
|
|
R = P*(1-alp)*exp(-alp*(gam+e_a))*k(-1)^alp*n^(-alp)/W;
|
|
1/(c*P)-bet*P*(1-alp)*exp(-alp*(gam+e_a))*k(-1)^alp*n^(1-alp)/(m*l*c(+1)*P(+1)) = 0;
|
|
c+k = exp(-alp*(gam+e_a))*k(-1)^alp*n^(1-alp)+(1-del)*exp(-(gam+e_a))*k(-1);
|
|
P*c = m;
|
|
m-1+d = l;
|
|
e = exp(e_a);
|
|
y = k(-1)^alp*n^(1-alp)*exp(-alp*(gam+e_a));
|
|
gy_obs = dA*y/y(-1);
|
|
gp_obs = (P/P(-1))*m(-1)/dA;
|
|
end;
|
|
|
|
steady_state_model;
|
|
dA = exp(gam);
|
|
gst = 1/dA;
|
|
m = mst;
|
|
|
|
khst = ( (1-gst*bet*(1-del)) / (alp*gst^alp*bet) )^(1/(alp-1));
|
|
xist = ( ((khst*gst)^alp - (1-gst*(1-del))*khst)/mst )^(-1);
|
|
nust = psi*mst^2/( (1-alp)*(1-psi)*bet*gst^alp*khst^alp );
|
|
n = xist/(nust+xist);
|
|
P = xist + nust;
|
|
k = khst*n;
|
|
|
|
l = psi*mst*n/( (1-psi)*(1-n) );
|
|
c = mst/P;
|
|
d = l - mst + 1;
|
|
y = k^alp*n^(1-alp)*gst^alp;
|
|
R = mst/bet;
|
|
|
|
W = l/n;
|
|
e = 1;
|
|
|
|
gp_obs = m/dA;
|
|
gy_obs = dA;
|
|
end;
|
|
|
|
estimated_params;
|
|
alp, beta_pdf, 0.356, 0.02;
|
|
bet, beta_pdf, 0.993, 0.002;
|
|
gam, normal_pdf, 0.0085, 0.003;
|
|
mst, normal_pdf, 1.0002, 0.007;
|
|
rho, beta_pdf, 0.129, 0.223;
|
|
psi, beta_pdf, 0.65, 0.05;
|
|
del, beta_pdf, 0.01, 0.005;
|
|
stderr e_a, inv_gamma_pdf, 0.035449, inf;
|
|
stderr e_m, inv_gamma_pdf, 0.008862, inf;
|
|
end;
|
|
|
|
varobs gp_obs gy_obs;
|
|
|
|
estimation(order=1,datafile=fsdat_simul,nobs=192,loglinear,mh_replic=0,mode_compute=6);
|