44 lines
557 B
PHP
44 lines
557 B
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 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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sigma_y=0.001;
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sigma_p=0.001;
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model;
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Y_obs = rho_y*Y_obs(-1)+sigma_y*e_y;
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P_obs = rho_p*P_obs(-1)+sigma_p*e_p;
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junk1 = 0.9*junk1(+1);
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junk2 = 0.9*junk2(-1)+eps_junk;
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end;
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steady_state_model;
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Y_obs = 0;
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P_obs = 0;
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junk1=0;
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junk2=0;
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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;
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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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