Skip to content
Snippets Groups Projects
Verified Commit 9ce6e763 authored by Sébastien Villemot's avatar Sébastien Villemot
Browse files

Testsuite / External functions: add file missing in previous commit

(cherry picked from commit acdca03e)
parent 1da1f414
Branches
No related tags found
No related merge requests found
/* This file has no external function, but is used as a benchmark against with
the other tests are compared.
It is almost the same as example1.mod, except that lagged capital is squared in the
law of motion of capital (in order to have a non-zero Hessian of the
external function) */
var y, c, k, a, h, b;
varexo e, u;
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))*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)^2;
a = rho*a(-1)+tau*b(-1) + e;
b = tau*a(-1)+rho*b(-1) + u;
end;
initval;
y = 1.08068253095672;
c = 0.80359242014163;
h = 0.29175631001732;
k = 11.08360443260358;
a = 0;
b = 0;
e = 0;
u = 0;
end;
shocks;
var e; stderr 0.009;
var u; stderr 0.009;
var e, u = phi*0.009*0.009;
end;
stoch_simul;
0% Loading or .
You are about to add 0 people to the discussion. Proceed with caution.
Please register or to comment