51 lines
1.1 KiB
Modula-2
51 lines
1.1 KiB
Modula-2
{\rtf1\mac\ansicpg10000\cocoartf824\cocoasubrtf420
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{\fonttbl\f0\fswiss\fcharset77 Helvetica;}
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{\colortbl;\red255\green255\blue255;}
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\paperw11900\paperh16840\margl1440\margr1440\vieww9000\viewh8400\viewkind0
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\pard\tx566\tx1133\tx1700\tx2267\tx2834\tx3401\tx3968\tx4535\tx5102\tx5669\tx6236\tx6803\ql\qnatural\pardirnatural
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\f0\fs24 \cf0 // example 1 from Collard's guide to Dynare
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\
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var y, c, k, a, h, b;
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\
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varexo e,u;
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\
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\
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parameters beta, rho, beta, alpha, delta, theta, psi, tau;
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\
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\
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alpha = 0.36;
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\
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rho = 0.95;
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\
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tau = 0.025;
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\
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beta = 0.99;
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\
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delta = 0.025;
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\
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psi = 0;
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\
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theta = 2.95;
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\
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\
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phi = 0.1;
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\
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\
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model;
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\
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c*theta*h^(1+psi)=(1-alpha)*y;
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\
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k = beta*(((exp(b)*c)/(exp(b(+1))*c(+1)))
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\
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*(exp(b(+1))*alpha*y(+1)+(1-delta)*k));
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\
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y = exp(a)*(k(-1)^alpha)*(h^(1-alpha));
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\
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k = exp(b)*(y-c)+(1-delta)*k(-1);
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\
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a = rho*a(-1)+tau*b(-1) + e;
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\
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b = tau*a(-1)+rho*b(-1) + u;
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\
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end;
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\
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\
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initval;
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\
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y = 1.08068253095672;
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\
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c = 0.80359242014163;
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\
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h = 0.29175631001732;
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\
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k = 5;
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\
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a = 0;
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\
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b = 0;
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\
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e = 0;
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\
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u = 0;
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\
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end;
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\
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\
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shocks;
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\
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var e; stderr 0.009;
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\
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var u; stderr 0.009;
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\
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var e, u = phi*0.009*0.009;
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\
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end;
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\
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\
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stoch_simul(periods=2100);
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\
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} |