diff --git a/tests/example1_varexo_det.mod b/tests/example1_varexo_det.mod index 70b247ac521845b95e6658410d8555af1a06cca3..f750707db4ddd84e5e0e23f7dddb9f8392f72f99 100644 --- a/tests/example1_varexo_det.mod +++ b/tests/example1_varexo_det.mod @@ -4,7 +4,7 @@ var y, c, k, a, h, b; varexo e,u; varexo_det ahat, bhat; -parameters beta, rho, alpha, delta, theta, psi, tau; +parameters beta, rho, rho2, alpha, delta, theta, psi, tau; alpha = 0.36; rho = 0.95; @@ -13,6 +13,7 @@ beta = 0.99; delta = 0.025; psi = 0; theta = 2.95; +rho2 = -0.1; phi = 0.1; @@ -22,9 +23,9 @@ k = beta*(((exp(b)*c)/(exp(b(+1))*c(+1))) *(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 = ahat+ rho*a(-1)+tau*b(-1) + e; -b = bhat+ tau*a(-1)+rho*b(-1) + u; -end; +a = ahat + rho*a(-1) + rho2*a(-2) + tau*b(-1) + e; +b = bhat + tau*a(-1) + rho*b(-1) + u; +end; initval; y = 1.08068253095672;