Expected value of a power
Posted: Fri Oct 14, 2011 2:03 pm
Hello,
I'm new to Dynare and, hopefully, I have a very simple question. I was wondering which was the correct way of writing the following line into dynare:
E_t[x_{t+1}^y]
If I write it like "x(t+1)^y", I'm afraid that Dynare would understand "[E_t(x_{t+1})]^y", that is not what I want...
I thought of creating a new variable "z=x^y" and then simply write "z(+1)", would that be correct?
Thanks a lot!
Fabrizio
I'm new to Dynare and, hopefully, I have a very simple question. I was wondering which was the correct way of writing the following line into dynare:
E_t[x_{t+1}^y]
If I write it like "x(t+1)^y", I'm afraid that Dynare would understand "[E_t(x_{t+1})]^y", that is not what I want...
I thought of creating a new variable "z=x^y" and then simply write "z(+1)", would that be correct?
Thanks a lot!
Fabrizio