63 lines
1.1 KiB
PHP
63 lines
1.1 KiB
PHP
var Y_obs P_obs junk1 junk2;
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varexo e_y e_p eps_junk;
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parameters rho_y rho_p g_y g_p const_y const_p sigma_y sigma_p;
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rho_y=0.5;
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rho_p=0.5;
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g_y=0.0001;
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g_p=-0.0001;
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const_y=2;
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const_p=2;
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sigma_y=0.001;
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sigma_p=0.001;
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model;
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Y_obs = exp(const_y)^(1-rho_y)*Y_obs(-1)^rho_y*exp(sigma_y*e_y);
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P_obs = exp(const_p)^(1-rho_p)*P_obs(-1)^rho_p*exp(sigma_p*e_p);
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junk1 = (junk1(+1))^0.9;
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junk2 = (junk2(-1))^0.9*exp(eps_junk);
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end;
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steady_state_model;
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Y_obs = exp(const_y);
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P_obs = exp(const_p);
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junk1=1;
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junk2=1;
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end;
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shocks;
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var e_p; stderr 1;
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var e_y; stderr 1;
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var eps_junk; stderr 1;
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end;
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steady(nocheck);
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check;
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estimated_params;
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const_y, normal_pdf, 2, 1;
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const_p, normal_pdf, 2, 1;
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g_y, normal_pdf, 0.0001, 1;
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g_p, normal_pdf, -0.0001, 1;
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rho_y, normal_pdf, 0.5, 1;
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rho_p, normal_pdf, 0.5, 1;
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sigma_y, inv_gamma_pdf, 0.001, inf;
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sigma_p, inv_gamma_pdf, 0.001, inf;
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end;
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estimated_params_init(use_calibration);
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end;
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varobs P_obs Y_obs junk2;
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observation_trends;
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P_obs (g_p);
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Y_obs (g_y);
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end;
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// estimated_params_init(use_calibration);
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// end;
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options_.plot_priors=0;
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