Commit 7efa3088 authored by Thomas Brand's avatar Thomas Brand

Calibrate gammab (sovereign risk premium), close to null.

parent 2d8386d3
......@@ -14,6 +14,7 @@ tauo=0;
bigtheta=0.005;
signalcorr=0;
weONBAR=0.005;
gammab=0.0000001;
beta=0.9971;
delta=0.04;
......
......@@ -20,10 +20,10 @@ kappa, GAMMA_PDF, 4, 0.50;
gammac, GAMMA_PDF, 2.5, 1;
gammaco, GAMMA_PDF, 2.5, 1;
gammai, GAMMA_PDF, 2.5, 1;
%gammapi, NORMAL_PDF, 1.7, 0.1;
gammapi, NORMAL_PDF, 5, 1.5;
gammapi, NORMAL_PDF, 1.7, 0.1;
%gammapi, NORMAL_PDF, 5, 1.5;
gammay, BETA_PDF, 0.5, 0.2;
gammab, BETA_PDF, 0.001, 0.0005;
%gammab, BETA_PDF, 0.001, 0.0005;
FBAR, BETA_PDF, 0.0075, 0.00375;
rhopirze, BETA_PDF, 0.5, 0.2;
......@@ -57,8 +57,8 @@ rhoothgov, BETA_PDF, 0.5, 0.2;
%rhotb, NORMAL_PDF, 0., 2;
%rhoothgovb, NORMAL_PDF, 0., 2;
%rhogb, NORMAL_PDF, -0.002, 0.001;
rhogb, NORMAL_PDF, -0.006, 0.0025;
rhogb, NORMAL_PDF, -0.002, 0.001;
%rhogb, NORMAL_PDF, -0.006, 0.0025;
rhogy, NORMAL_PDF, 0, 0.01;
rhotauy, NORMAL_PDF, 0, 0.01;
......
......@@ -22,7 +22,6 @@ gammaco, 3.31 ;
gammai,1.602370 ;
gammapi,1.696654 ;
gammay,0.859251 ;
gammab,0.001099 ;
FBAR,0.010954 ;
rhopirze,0.500071 ;
rhoydrze,0.500101 ;
......
......@@ -22,7 +22,6 @@ gammaco = 3.31;
gammai = 1.602370;
gammapi = 1.696654;
gammay = 0.859251;
gammab = 0.001099;
FBAR = 0.010954;
rhopirze = 0.500071;
rhoydrze = 0.500101;
......
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