46 lines
807 B
Modula-2
46 lines
807 B
Modula-2
// Example 1 from Collard's guide to Dynare
|
|
// test for Monte Carlo simulations with option periods=
|
|
var y, c, k, a, h, b;
|
|
varexo e, u;
|
|
|
|
parameters beta, rho, alpha, delta, theta, psi, tau;
|
|
|
|
alpha = 0.36;
|
|
rho = 0.95;
|
|
tau = 0.025;
|
|
beta = 0.99;
|
|
delta = 0.025;
|
|
psi = 0;
|
|
theta = 2.95;
|
|
|
|
phi = 0.1;
|
|
|
|
model;
|
|
c*theta*h^(1+psi)=(1-alpha)*y;
|
|
k = beta*(((exp(b)*c)/(exp(b(+1))*c(+1)))
|
|
*(exp(b(+1))*alpha*y(+1)+(1-delta)*k));
|
|
y = exp(a)*(k(-1)^alpha)*(h^(1-alpha));
|
|
k = exp(b)*(y-c)+(1-delta)*k(-1);
|
|
a = rho*a(-1)+tau*b(-1) + e;
|
|
b = tau*a(-1)+rho*b(-1) + u;
|
|
end;
|
|
|
|
initval;
|
|
y = 1.08068253095672;
|
|
c = 0.80359242014163;
|
|
h = 0.29175631001732;
|
|
k = 11.08360443260358;
|
|
a = 0;
|
|
b = 0;
|
|
e = 0;
|
|
u = 0;
|
|
end;
|
|
|
|
shocks;
|
|
var e; stderr 0.009;
|
|
var u; stderr 0.009;
|
|
var e, u = phi*0.009*0.009;
|
|
end;
|
|
|
|
stoch_simul(periods=200);
|