RBC model with two shocks

This forum is closed. You can read the posts but cannot write. We have migrated the forum to a new location where you will have to reset your password.
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.

RBC model with two shocks

Postby LZN » Fri Nov 22, 2013 5:02 pm

I need to run a model with two shocks.
Is it correct to specify the structure as follows?

shocks;
var e_a e_g;
stderr e_a 0.009;
stderr e_g 0.009;
end;

Thank you!
LZN
 
Posts: 1
Joined: Fri Nov 22, 2013 4:53 pm

Re: RBC model with two shocks

Postby jpfeifer » Mon Nov 25, 2013 3:31 pm

It depends. You are correctly specifying two independent, uncorrelated shocks entering your model. The first line inside of the shocks block is actually redundant.
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
Posts: 6940
Joined: Sun Feb 21, 2010 4:02 pm
Location: Cologne, Germany


Return to Dynare User Guide

Who is online

Users browsing this forum: No registered users and 0 guests