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DynareJulia
Dynare.jl
Commits
caed0c97
Commit
caed0c97
authored
Apr 29, 2020
by
MichelJuillard
Browse files
fixing example1
parent
6d7c618c
Changes
1
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test/models/example2/example2.mod
0 → 100644
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caed0c97
// one auxiliary variable
// Generalized Schur algorithm
var y, c, k, a, h, b;
varexo e, u;
verbatim;
% I want these comments included in
% example1.m 1999q1 1999y
%
var = 1;
end;
parameters beta, rho, alpha, delta, theta, psi, tau;
alpha = 0.36;
rho = 0.95;
tau = 0.025;
beta = 0.99;
delta = 0.025;
psi = 0;
theta = 2.95;
phi = 0.1;
model;
c*theta*h^(1+psi)=(1-alpha)*y;
k = beta*(((exp(b)*c)/(exp(b(+1))*0.5*(c(+1)+c(+2))))
*(exp(b(+1))*alpha*y(+1)+(1-delta)*k));
y = exp(a)*(k(-1)^alpha)*(h^(1-alpha));
k = exp(b)*(y-c)+(1-delta)*k(-1);
a = rho*a(-1)+tau*b(-1) + e;
b = tau*a(-1)+rho*b(-1) + u;
end;
steady_state_model;
K_Y = beta*alpha /(1 - beta*(1 - delta));
H_Y = K_Y^(-alpha/(1 - alpha));
C_Y = 1 - delta*K_Y;
y = (theta*C_Y*H_Y^(1 + psi)/(1 - alpha))^(-1/(1 + psi));
c = C_Y*y;
k = K_Y*y;
h = H_Y*y;
a = 0;
b = 0;
end;
shocks;
var e; stderr 0.009;
var u; stderr 0.009;
//var e, u = phi*0.009*0.009;
var e, u = 0.009*0.009;
end;
check;
stoch_simul(order=1);
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