diff --git a/tests/Makefile.am b/tests/Makefile.am index 0008a757bc7ef3f543edb8ef1062d5319672c4d0..34d2e653a231cd9b009e50dc3e73a4d1d04ad36a 100644 --- a/tests/Makefile.am +++ b/tests/Makefile.am @@ -26,6 +26,7 @@ MODFILES = \ histval_sto.mod \ histval_det.mod \ auxiliary_variables/test1.mod \ + deterministic_model_purely_forward.mod \ expectations/expectation.mod \ expectations/expectation_ss.mod \ expectations/expectation_ss_old.mod \ diff --git a/tests/deterministic_model_purely_forward.mod b/tests/deterministic_model_purely_forward.mod new file mode 100644 index 0000000000000000000000000000000000000000..c13e5e0559761d17fdfe4530ae82be767caa921f --- /dev/null +++ b/tests/deterministic_model_purely_forward.mod @@ -0,0 +1,54 @@ +var y i pi rbar ; + +varexo r tauw taus taua gn; + +parameters khia khiw khis phipi phiy taubs taubw tauba w sigma psi kappa alpha mu beta teta; + +teta = 12.7721; +sigma = 1.1599; +beta = 0.9970; +alpha = 0.7747; +mu = 0.9030; +taubs = 0.05; +taubw = 0.02; +tauba = 0; +w = 1.5692; +phipi = 1.5; +phiy = 0.5/4; + +khia = (1-beta)/(1-tauba); +khiw = 1/(1-taubw); +khis = 1/(1+taubs); +psi = 1/(sigma + w); +kappa = (1-alpha)*(1-alpha*beta)*(sigma+w)/(alpha*(1+w*teta)); + +model(linear); +y = y(+1)-sigma*(i-pi(+1)-r)+(gn-gn(+1))+(sigma)^-1*khis*(taus(+1)-taus)+sigma*khia*taua; + +pi=kappa*y+kappa*psi*(khiw*tauw+khis*taus-sigma*gn)+beta*pi(+1); + +i=max(0,r+phipi*pi+phiy*y); + +rbar = -((kappa*phipi+(1-beta*mu)*phiy)*sigma^-1*khia*taus)/((1-mu+sigma^-1*phiy)*(1-beta*mu)+kappa*sigma^-1*(phipi-mu)) +- (((1-mu)*kappa*psi*phipi+sigma^-1*mu*kappa*psi*phiy)*khiw*tauw)/((1-mu+sigma^-1*phiy)*(1-beta*mu)+kappa*sigma*(phipi-mu)) +-(kappa*sigma*(1-mu)*(sigma^-1-psi)*phipi+((1-mu)*(1-beta*mu)-kappa*psi*mu)*phiy)*(gn-sigma^-1*khis*taus)/((1-mu-sigma^-1*phiy)*(1-beta*mu)+kappa*sigma^-1*(phipi-mu)); + +end; + +initval; +y=0; +i=-log(beta); +pi=0; +rbar = 0; +end; + +steady; +check; + +shocks; +var r; +periods 1:9; +values -0.0104; +end; + +simul(periods=2100);