Commit 9e5e5e94 authored by Thomas Brand's avatar Thomas Brand

Remove negative sign in fiscal rules.

parent c57cddac
......@@ -237,16 +237,15 @@ D=D(-1)^rhod*exp(sigd*D_EXO);
%domestic risk premium
XIB=XIB(-1)^rhoxib*exp(sigxib*XIB_EXO);
%fiscal shocks
GC/steady_state(GC)=(GC(-1)/steady_state(GC))^rhogc*(B(-1)/BBAR)^(-rhogcb)*(YD/YD(-1))^(-rhogcy)*exp(siggc*GC_EXO);
OTHGOV/steady_state(OTHGOV)=(OTHGOV(-1)/steady_state(OTHGOV))^rhoothgov*(B(-1)/BBAR)^(-rhoothgovb)*(YD/YD(-1))^(-rhoothgovy)*exp(sigothgov*OTHGOV_EXO);
GI/steady_state(GI)=(GI(-1)/steady_state(GI))^rhogi*(B(-1)/BBAR)^(-rhogib)*(YD/YD(-1))^(-rhogiy)*exp(siggi*GI_EXO);
T/steady_state(T)=(T(-1)/steady_state(T))^rhot*(B(-1)/BBAR)^(-rhotb)*(YD/YD(-1))^(-rhoty)*exp(sigt*T_EXO);
TAUC/TAUCBAR=(TAUC(-1)/TAUCBAR)^rhotauc*(B(-1)/BBAR)^(rhotaucb)*(YD/YD(-1))^(rhotaucy)*exp(sigtauc*TAUC_EXO);
TAUN/TAUNBAR=(TAUN(-1)/TAUNBAR)^rhotaun*(B(-1)/BBAR)^(rhotaunb)*(YD/YD(-1))^(rhotauny)*exp(sigtaun*TAUN_EXO);
TAUWH/TAUWHBAR=(TAUWH(-1)/TAUWHBAR)^rhotauwh*(B(-1)/BBAR)^(rhotauwhb)*(YD/YD(-1))^(rhotauwhy)*exp(sigtauwh*TAUWH_EXO);
TAUWF/TAUWFBAR=(TAUWF(-1)/TAUWFBAR)^rhotauwf*(B(-1)/BBAR)^(rhotauwfb)*(YD/YD(-1))^(rhotauwfy)*exp(sigtauwf*TAUWF_EXO);
TAULS/steady_state(TAULS)=(TAULS(-1)/steady_state(TAULS))^rhotauls*(B(-1)/BBAR)^(rhotaulsb)*(YD/YD(-1))^(rhotaulsy)*exp(sigtauls*TAULS_EXO);
GC/steady_state(GC)=(GC(-1)/steady_state(GC))^rhogc*(B(-1)/BBAR)^(rhogcb)*(YD/YD(-1))^(rhogcy)*exp(siggc*GC_EXO);
GI/steady_state(GI)=(GI(-1)/steady_state(GI))^rhogi*(B(-1)/BBAR)^(rhogib)*(YD/YD(-1))^(rhogiy)*exp(siggi*GI_EXO);
T/steady_state(T)=(T(-1)/steady_state(T))^rhot*(B(-1)/BBAR)^(rhotb)*(YD/YD(-1))^(rhoty)*exp(sigt*T_EXO);
OTHGOV/steady_state(OTHGOV)=(OTHGOV(-1)/steady_state(OTHGOV))^rhoothgov*(B(-1)/BBAR)^(rhoothgovb)*(YD/YD(-1))^(rhoothgovy)*exp(sigothgov*OTHGOV_EXO);
%fa shocks
GAMMAN=GAMMANBAR*exp(siggamman*GAMMAN_EXO);
SIGMA=steady_state(SIGMA)^(1-rhosigma)*SIGMA(-1)^rhosigma*exp(sigsigma*SIGMA_EXO);
......
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