Equations tags

The feature was introduced in Dynare v.4.1. It allows user to attach arbitrary informations to each equation and to recover them at runtime.

It is particularly useful to specify names of equations but can also be used to introduce other informations in the model.

Tags are stored in a special structure M_.equations_tags.

Currently, equations tags are not used by any Dynare code from the portfolio module but they can be very useful for custom algorithms.

Flagging equations with tags

Before each equation in the modfile, the user can specify a list pairs (key,values) were key is any identifier and value a single-quoted string.

This is demonstrated by the following example :

...preamble

model;

[name = 'Budget constraint']
c + k = k^theta*A;

[name = 'Euler condition', euler_var='k', type='expectation']
beta*(c(1)/c)^(-sigma)*theta*k^(theta-1)*A(1) = 1;

[name = 'Specification of shocks', type='exogenous']
log(A) = rho*log(A(-1))  + epsilon;

end;
...conclusion

In this simple example, we have given a name to each equation. We have also added the name of the variable used to derive the Euler equation and have specified that last equation is exogenous.

Usecases

The tags are stored in a 3-column cell. Each line correspond to a tag (n,key,value) where n is the number of the equation.

The table is stored in M_.equations_tags. It can be queryied directly or using one of the helper functions.

Here are some examples.

Find the equation corresponding to nonzero residuals

It is common to be looking for the steady state of a given set of equations. The command 'resid' included in Dynare, can be used to print the residuals and see which equations are met at the steady-state.

When the number of equations is big, it is easier to use the command resid_with_names resid_with_names.m , which will also print the value of a specific key for all the equations, making it much easier to recover the faulty equation.

For instance, calling resid_with_names('name') for the (fictive) previous model will output something like

Eq (1) : 0 : Budget constraint
Eq (2) : 0.1 : Euler condition
Eq (3) : 0 : Specification of shocks

Find the equation having a given key or a given value for a given key

Function select_from_table select_from_table.m can be used to find equations satisfying given properties.

For the same model select_from_table('type') will return the indices of equations for which a key 'type' has been specified :

By contrast select_from_table('type','expectation') will return the list of equations which have the type expectation :