 
STEADY-STATE RESULTS:
 
k 		 12.7551
c 		 1.53061
z 		 0
 
EIGENVALUES:
         Modulus             Real        Imaginary

           0.935            0.935                0
           1.123            1.123                0
             Inf             -Inf                0


There are 2 eigenvalue(s) larger than 1 in modulus 
for 2 forward-looking variable(s)
 
The rank condition is verified.
 
 
MODEL SUMMARY
 
  Number of variables:         3
  Number of stochastic shocks: 1
  Number of state variables:   1
  Number of jumpers:           2
  Number of static variables:  0


MATRIX OF COVARIANCE OF EXOGENOUS SHOCKS

Variables    epsilon   
epsilon      0.010000
 
POLICY AND TRANSITION FUNCTIONS
                                       k               c               z
Constant                   12.755556        1.530158               0
(correction)                0.000454       -0.000454               0
k(-1)                       0.934973        0.115027               0
epsilon                     1.590091        0.195623        1.000000
k(-1),k(-1)                -0.001263       -0.000109               0
epsilon,epsilon            -0.000121        0.000121               0
k(-1),epsilon               0.062190        0.007810               0


THEORETICAL MOMENTS

VARIABLE    MEAN       STD. DEV.  VARIANCE   
k             12.7582     0.4483     0.2009
c              1.5305     0.0551     0.0030
z              0.0000     0.1000     0.0100
 


MATRIX OF CORRELATIONS

Variables    k        c        z        
k            1.0000  1.0000  0.3547
c            1.0000  1.0000  0.3547
z            0.3547  0.3547  1.0000
 


COEFFICIENTS OF AUTOCORRELATION

Order    1       2       3       4       5       
k        0.9350  0.8742  0.8173  0.7642  0.7145
c        0.9350  0.8742  0.8173  0.7642  0.7145
z        0.0000  0.0000  0.0000  0.0000  0.0000
