Dear all,
I have one question to be clarified. In my model, I have time to build, which makes one of the equations in the model block has uncommon timing. some of the variables will be streched back many periods or forwarded for many periods.
For example, the price now is Q(t+4) in the model.
My question is: can I directly write Q(+4) or how can do with it in dynare?
Thanks.
cindy
Dynare forums
Forums for asking questions, posting comments and uploading examples related to Dynare
question about the timing of variables
Forum rules
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.
This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location (https://forum.dynare.org) where you will have to reset your password.
2 posts
• Page 1 of 1
question about the timing of variables
by uvcindy » Thu Apr 12, 2007 8:17 pm
- uvcindy
- Posts: 6
- Joined: Fri Jul 22, 2005 2:50 am
by MichelJuillard » Sat Apr 21, 2007 4:58 pm
Yes, you can write Q(+4)
Now, if you are doing time to build, be careful that Q(t) means that Q is decided upon in period t, then for when Q is used (several periods after it has been set) you should use a lagged value of Q.
Q(+4) means the expected value of Q four periods ahead. Or, if Q(+4) is part of a nonlinear expression the expected value of that expression.
Best
Michel
Now, if you are doing time to build, be careful that Q(t) means that Q is decided upon in period t, then for when Q is used (several periods after it has been set) you should use a lagged value of Q.
Q(+4) means the expected value of Q four periods ahead. Or, if Q(+4) is part of a nonlinear expression the expected value of that expression.
Best
Michel
- MichelJuillard
- Posts: 680
- Joined: Thu Nov 18, 2004 10:51 am
2 posts
• Page 1 of 1
Who is online
Users browsing this forum: Google [Bot] and 6 guests