var c A k l taux taul g y;
varexo e1 e2 e3 e4;
parameters phi alph gamm beta delt rho1 rho2 rho3 rho4 sigma;
phi=1.75;
alph=0.4;
gamm=0.5;
beta=0.95;
delt=0.023;
rho1=0.9;
rho2=0.9;
rho3=0.9;
rho4=0.9;
sigma=(0.007/(1-alph));
model;
(1/c)*(1+gamm)*(1+taux)=beta*((1/c(+1))*(alph*A(+1)*(k(+1)^(alph-1)*l(+1)^(1-alph)+(1-delt)*(1+taux(+1)))));
phi*c=(1-alph)*(1-taul)*A*k^(alph)*(l^(-alph)-l^(1-alph));
y=A*k^(alph)*l^(1-alph);
c+(1+gamm)*k-(1-delt)*k(-1)+g=y;
ln(A)=rho1*ln(A(-1))+e1;
ln(taux)=rho2*ln(taux(-1))+e2;
ln(taul)=rho3*ln(taul(-1))+e3;
ln(g)=rho4*ln(g(-1))+e4;
end;
initval;
k=10;
c=0.2;
l=0.5;
A=6;
taux=0.1;
taul=0.1;
g=0.2;
e1=0;
e2=0;
e3=0;
e4=0;
end;
steady;
check;
shocks;
var e1 = sigma^2;
var e2 = sigma^2;
var e3 = sigma^2;
var e4 = sigma^2;
end;
stoch_simul(dr_algo=0,periods=1000);
结果是:
Configuring Dynare ...
[mex] Generalized QZ.
[mex] Sylvester equation solution.
[mex] Kronecker products.
[mex] Sparse kronecker products.
[mex] Bytecode evaluation.
[mex] k-order perturbation solver.
[mex] k-order solution simulation.
Starting Dynare (version 4.2.5).
Starting preprocessing of the model file ...
WARNING: xugao.mod:52.13-21: dr_algo option is now deprecated, and may be removed in a future version of Dynare
Found 8 equation(s).
Evaluating expressions...done
Computing static model derivatives:
- order 1
Computing dynamic model derivatives:
- order 1
- order 2
Processing outputs ...done
Preprocessing completed.
Starting MATLAB/Octave computing.
STEADY-STATE RESULTS:
c 2.84668e-006
A 1
k 0.184569
l 3.5966
taux 0.999999
taul 0.999999
g 0.999949
y 1.09648
EIGENVALUES:
Modulus Real Imaginary
0.03026 0.03026 0
0.9 0.9 0
0.9 0.9 0
0.9 0.9 0
0.9 0.9 0
9.815 9.815 0
Inf Inf 0
Inf Inf 0
Inf Inf 0
Inf Inf 0
There are 5 eigenvalue(s) larger than 1 in modulus
for 5 forward-looking variable(s)
The rank condition is verified.
Warning: Matrix is close to singular or badly scaled.
Results may be inaccurate. RCOND = 1.125079e-018.
> In dr1 at 441
In resol at 147
In stoch_simul at 66
In xugao at 160
In dynare at 120
Warning: Matrix is close to singular or badly scaled.
Results may be inaccurate. RCOND = 1.591102e-018.
> In dr1 at 563
In resol at 147
In stoch_simul at 66
In xugao at 160
In dynare at 120
Warning: Matrix is close to singular or badly scaled.
Results may be inaccurate. RCOND = 1.591102e-018.
> In dr1 at 575
In resol at 147
In stoch_simul at 66
In xugao at 160
In dynare at 120
Warning: Matrix is close to singular or badly scaled.
Results may be inaccurate. RCOND = 6.932545e-017.
> In dr1 at 614
In resol at 147
In stoch_simul at 66
In xugao at 160
In dynare at 120
MODEL SUMMARY
Number of variables: 8
Number of stochastic shocks: 4
Number of state variables: 5
Number of jumpers: 5
Number of static variables: 1
MATRIX OF COVARIANCE OF EXOGENOUS SHOCKS
Variables e1 e2 e3 e4
e1 0.000136 0.000000 0.000000 0.000000
e2 0.000000 0.000136 0.000000 0.000000
e3 0.000000 0.000000 0.000136 0.000000
e4 0.000000 0.000000 0.000000 0.000136
中间省略一部分,字数限制没办法。
MOMENTS OF SIMULATED VARIABLES
VARIABLE MEAN STD. DEV. VARIANCE SKEWNESS KURTOSIS
c NaN NaN NaN NaN NaN
A NaN NaN NaN NaN NaN
k NaN NaN NaN NaN NaN
l NaN NaN NaN NaN NaN
taux NaN NaN NaN NaN NaN
taul NaN NaN NaN NaN NaN
g NaN NaN NaN NaN NaN
y NaN NaN NaN NaN NaN
CORRELATION OF SIMULATED VARIABLES
VARIABLE c A k l taux taul g y
c NaN NaN NaN NaN NaN NaN NaN NaN
A NaN NaN NaN NaN NaN NaN NaN NaN
k NaN NaN NaN NaN NaN NaN NaN NaN
l NaN NaN NaN NaN NaN NaN NaN NaN
taux NaN NaN NaN NaN NaN NaN NaN NaN
taul NaN NaN NaN NaN NaN NaN NaN NaN
g NaN NaN NaN NaN NaN NaN NaN NaN
y NaN NaN NaN NaN NaN NaN NaN NaN
AUTOCORRELATION OF SIMULATED VARIABLES
VARIABLE 1 2 3 4 5
c NaN NaN NaN NaN NaN
A NaN NaN NaN NaN NaN
k NaN NaN NaN NaN NaN
l NaN NaN NaN NaN NaN
taux NaN NaN NaN NaN NaN
taul NaN NaN NaN NaN NaN
g NaN NaN NaN NaN NaN
y NaN NaN NaN NaN NaN
Total computing time : 0h00m16s
这结果显然有问题,该怎么改进才没有问题呢???????????


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