26 lines
588 B
Modula-2
26 lines
588 B
Modula-2
@#include "forward_looking_common.inc"
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PSI=1.1;
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TAU=2;
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BETA=0.9;
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KAPPA=0.6;
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steady;
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check;
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estimated_params;
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PSI, 1.1, NORMAL_PDF, 1.1, 0.01;
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TAU, 2, NORMAL_PDF, 2, 0.01;
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BETA, 0.9, NORMAL_PDF, 0.9, 0.01;
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KAPPA, 0.6, NORMAL_PDF, 0.6, 0.01;
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end;
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% with this calibration and just a single observable the identification tests run into several edge case
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% due to the fact that the order condition for dMoments fails and
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% the minimal system cannot be computed
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varobs x;
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identification;
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identification(advanced=1);
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identification(prior_mc=10);
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identification(prior_mc=10,advanced=1);
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