37 lines
788 B
Modula-2
37 lines
788 B
Modula-2
var c k;
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varexo x;
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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);
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(c/c(-2))^(-gam) - (1+bet)^(-1)*(aa*alph*x(+2)*k^(alph-1) + 1 - delt)*(c(+1)/c(-1))^(-gam);
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end;
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kstar = ((delt+bet)/(1.0*aa*alph))^(1/(alph-1));
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cstar = aa*kstar^alph-delt*kstar;
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initval;
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x = 1;
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k = kstar;
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c = cstar;
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end;
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steady;
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// Instantiate dseries object with paths for the endogenous and exogenous variables
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baseline= dseries([.81*kstar, .81*cstar, .81; .9*kstar, .9*cstar, .9; repmat([kstar, cstar, 1], 998, 1)], 2000Q1, {'k', 'c', 'x'});
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initval_file(series=baseline, first_simulation_period=2000Q3, last_simulation_period=2050Q2);
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perfect_foresight_setup;
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perfect_foresight_solver;
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Simulated_time_series(2000Q3:2050Q2)
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