parent d1c20d41
 // Example 1 from Collard's guide to Dynare // --+ options: nostrict +-- /* ** In the following example, the types (exogenous variable, endogenous variable, parameter) of the objects appearing in the model are declared ** on the fly in the equations. With the nostrict option, an object is by default an exogenous variable (if the type of an object is not declared ** in one of the equations, it will be interpreted as an exogenous variable). Without the nostrict option, Dynare will raise an error if the model ** contains untyped objects. ** ** An object followed by |e is an endogenous variable, ** |x is an exogenous variable, ** |p is a parameter. ** ** Example. If the first equation (consumption/leisure arbitrage) is removed from the following model block, then h (hours) ** will be interpreted as an exogenous variable. */ model; c|e*theta|p*h|e^(1+psi|p)=(1-alpha)*y; c*theta|p*h|e^(1+psi|p)=(1-alpha)*y; k|e = beta|p*(((exp(b)*c)/(exp(b(+1))*c(+1))) *(exp(b(+1))*alpha|p*y(+1)+(1-delta)*k)); y|e = exp(a)*(k(-1)^alpha)*(h^(1-alpha)); k = exp(b)*(y-c)+(1-delta|p)*k(-1); k = exp(b)*(y-c|e)+(1-delta|p)*k(-1); a|e = rho|p*a(-1)+tau*b(-1) + e|x; b|e = tau|p*a(-1)+rho*b(-1) + u|x; end; ... ...
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