State space estimation Syntax error
Posted: Wed Nov 07, 2012 1:42 am
Hi,
I tried to use triangular approach to estimate Nairu. I constructed a state space model according to Gordon 1997.
However I encountered a syntax error msg while estimating my model. Can someone help? Thanks. Here is my model below:
@signal inflation_rate =c(1) + c(2) * inflation_rate(-1) + c(3) * ue_gap + c(4)* imp_price + c(5) * food_energy + [var = exp(c(1))]
@signal u_rate = ue_gap + nairu
@state nairu = nairu(-1) + [var = exp(c(6))]
param c(1) .0 c(2) .0 c(3) .0 c(4) .0 c(5) .0 c(6) .0
I tried to use triangular approach to estimate Nairu. I constructed a state space model according to Gordon 1997.
However I encountered a syntax error msg while estimating my model. Can someone help? Thanks. Here is my model below:
@signal inflation_rate =c(1) + c(2) * inflation_rate(-1) + c(3) * ue_gap + c(4)* imp_price + c(5) * food_energy + [var = exp(c(1))]
@signal u_rate = ue_gap + nairu
@state nairu = nairu(-1) + [var = exp(c(6))]
param c(1) .0 c(2) .0 c(3) .0 c(4) .0 c(5) .0 c(6) .0