...
 
Commits (2)
shocks;
%var TAUC_EXO; stderr 1;
%var TAUN_EXO; stderr 1;
%var TAUWH_EXO; stderr 1;
%var TAUWF_EXO; stderr 1;
%var TAULS_EXO; stderr 1;
%var A_EXO; stderr 1;
%var XIA_EXO; stderr 1;
%var MU_EXO; stderr 1;
%var ZETAI_EXO; stderr 1;
%var EPS_EXO; stderr 1;
%var EPSW_EXO; stderr 1;
%var R_EXO; stderr 1;
%var D_EXO; stderr 1;
%var XIB_EXO; stderr 1;
var TAUC_EXO; stderr 1;
var TAUN_EXO; stderr 1;
var TAUWH_EXO; stderr 1;
var TAUWF_EXO; stderr 1;
var TAULS_EXO; stderr 1;
var A_EXO; stderr 1;
var XIA_EXO; stderr 1;
var MU_EXO; stderr 1;
var ZETAI_EXO; stderr 1;
var EPS_EXO; stderr 1;
var EPSW_EXO; stderr 1;
var R_EXO; stderr 1;
var D_EXO; stderr 1;
var XIB_EXO; stderr 1;
var GC_EXO; stderr 1;
%var GI_EXO; stderr 1;
%var T_EXO; stderr 1;
%var OTHGOV_EXO; stderr 1;
%var SIGMA_EXO; stderr 1;
%var GAMMAN_EXO; stderr 1;
%var YW_EXO; stderr 1;
%var POIL_EXO; stderr 1;
var GI_EXO; stderr 1;
var T_EXO; stderr 1;
var OTHGOV_EXO; stderr 1;
var SIGMA_EXO; stderr 1;
var GAMMAN_EXO; stderr 1;
var YW_EXO; stderr 1;
var POIL_EXO; stderr 1;
var YDZE_EXO; stderr 1;
var PIZE_EXO; stderr 1;
end;
......@@ -7,7 +7,7 @@ ZETAIBAR=1;
GAMMANBAR=0.985;
ng=0.75;
vartheta=2;
shfr=0.2;
shfr=0.193;
gammabw=0.001;
phi2=0.1;
tauo=0;
......
......@@ -144,4 +144,7 @@ TAUWH_OBS $TAUWH\_OBS$ (measure='level', long_name='Contribution rate to social
TAUWF_OBS $TAUWF\_OBS$ (measure='level', long_name='Contribution rate to social security, by employers')
YWORLD_OBS $YWORLD\_OBS$ (measure='%', long_name='Foreign demand')
POIL_OBS $OIL\_OBS$ (measure='%',long_name='Oil price')
YDZE_OBS $YDZE\_OBS$ (measure='%', long_name='Euro area GDP')
PIZE_OBS $PIZE\_OBS$ (measure='%', long_name='Euro area inflation')
;
......@@ -20,16 +20,41 @@ gammac, GAMMA_PDF, 2.5, 1;
gammai, GAMMA_PDF, 2.5, 1;
gammapi, NORMAL_PDF, 1.7, 0.1;
gammay, BETA_PDF, 0.5, 0.2;
gammab, BETA_PDF, 0.001, 0.01;
gammab, BETA_PDF, 0.001, 0.0005;
FBAR, BETA_PDF, 0.0075, 0.00375;
rhotauc, BETA_PDF, 0.75, 0.10;
rhotaun, BETA_PDF, 0.75, 0.10;
rhotauwh, BETA_PDF, 0.75, 0.10;
rhotauls, BETA_PDF, 0.75, 0.10;
rhogc, BETA_PDF, 0.75, 0.10;
rhogi, BETA_PDF, 0.75, 0.10;
rhot, BETA_PDF, 0.75, 0.10;
rhoothgov, BETA_PDF, 0.75, 0.10;
rhotauwf, BETA_PDF, 0.75, 0.10;
rhogcy, BETA_PDF, 0.20, 0.10;
rhogiy, BETA_PDF, 0.20, 0.10;
rhoothgovy, BETA_PDF, 0.20, 0.10;
rhoty, BETA_PDF, 0.20, 0.10;
rhotaucy, BETA_PDF, 0.20, 0.10;
rhotauny, BETA_PDF, 0.20, 0.10;
rhotauwfy, BETA_PDF, 0.20, 0.10;
rhotauwhy, BETA_PDF, 0.20, 0.10;
rhotaulsy, BETA_PDF, 0.20, 0.10;
rhogcb, BETA_PDF, 0.02, 0.005;
rhogib, BETA_PDF, 0.02, 0.005;
rhoothgovb, BETA_PDF, 0.02, 0.005;
rhotb, BETA_PDF, 0.02, 0.005;
rhotaucb, BETA_PDF, 0.02, 0.005;
rhotaunb, BETA_PDF, 0.02, 0.005;
rhotauwfb, BETA_PDF, 0.02, 0.005;
rhotauwhb, BETA_PDF, 0.02, 0.005;
rhotaulsb, BETA_PDF, 0.02, 0.005;
rhoyw, BETA_PDF, 0.75, 0.10;
rhopoil, BETA_PDF, 0.75, 0.10;
rhotauls, BETA_PDF, 0.75, 0.10;
rhoa, BETA_PDF, 0.75, 0.10;
rhoxia, BETA_PDF, 0.75, 0.10;
rhomu, BETA_PDF, 0.75, 0.10;
......@@ -40,12 +65,6 @@ rhor, BETA_PDF, 0.75, 0.10;
rhod, BETA_PDF, 0.75, 0.10;
rhoxib, BETA_PDF, 0.75, 0.10;
rhosigma, BETA_PDF, 0.75, 0.10;
rhogc, BETA_PDF, 0.75, 0.10;
rhogi, BETA_PDF, 0.75, 0.10;
rhot, BETA_PDF, 0.75, 0.10;
rhoothgov, BETA_PDF, 0.75, 0.10;
rhogovy, BETA_PDF, 0.20, 0.10;
rhogovb, BETA_PDF, 0.02, 0.005;
sigtauc, UNIFORM_PDF,,, 0, 1;
sigtaun, UNIFORM_PDF,,, 0, 1;
......@@ -61,12 +80,14 @@ sigepsw, UNIFORM_PDF,,, 0, 1;
sigr, UNIFORM_PDF,,, 0, 1;
sigd, UNIFORM_PDF,,, 0, 1;
sigxib, UNIFORM_PDF,,, 0, 1;
siggc, UNIFORM_PDF,,, 0, 1;
siggi, UNIFORM_PDF,,, 0, 1;
sigt, UNIFORM_PDF,,, 0, 1;
sigothgov, UNIFORM_PDF,,, 0, 1;
siggc, UNIFORM_PDF,,, 0, 1;
siggi, UNIFORM_PDF,,, 0, 1;
sigt, UNIFORM_PDF,,, 0, 1;
sigothgov, UNIFORM_PDF,,, 0, 1;
siggamman, UNIFORM_PDF,,, 0, 1;
sigsigma, UNIFORM_PDF,,, 0, 1;
sigyw, UNIFORM_PDF,,, 0, 1;
sigpoil, UNIFORM_PDF,,, 0, 1;
sigydze, UNIFORM_PDF,,, 0, 1;
sigpize, UNIFORM_PDF,,, 0, 1;
stderr NETWORTH_OBS, UNIFORM_PDF,,, 0, 1;
......@@ -21,4 +21,6 @@ GAMMAN_EXO $\sigma_{\gamma n}$ (long_name='Equity', measure='shock')
SIGMA_EXO $\sigma_{\sigma}$ (long_name='Financial Risk', measure='shock')
YW_EXO $\sigma_{yw}$ (long_name='Foreign demand', measure='shock')
POIL_EXO $\sigma_{oil}$ (long_name='Oil price', measure='shock')
YDZE_EXO $\sigma_{ydze}$ (long_name='Euro area GDP', measure='shock')
PIZE_EXO $\sigma_{\pi ze}$ (long_name='Euro area inflation', measure='shock')
;
omega,0.686049 ;
omega,0.286049 ;
iota,0.498892 ;
epsk,0.811827 ;
epsg,0.172664 ;
epsg,0.8 ;
h,0.568159 ;
thetaw,0.774568 ;
thetap,0.787178 ;
......@@ -22,13 +22,37 @@ gammapi,1.732484 ;
gammay,0.895491 ;
gammab,0.001 ;
FBAR,0.009991 ;
rhotauc,0.926178 ;
rhotaun,0.918729 ;
rhotauwh,0.966294 ;
rhotauwf,0.967888 ;
rhotauls,0.625948 ;
rhogc,0.937163 ;
rhogi,0.961622 ;
rhot,0.898516 ;
rhoothgov,0.823865 ;
rhotaucb,0.011807 ;
rhotaunb,0.011807 ;
rhotauwhb,0.011807 ;
rhotauwfb,0.011807 ;
rhotaulsb,0.011807 ;
rhogcb,0.011807 ;
rhogib,0.011807 ;
rhoothgovb,0.011807 ;
rhotb,0.011807 ;
rhotaucy,0.0926178 ;
rhotauny,0.0918729 ;
rhotauwhy,0.0966294 ;
rhotauwfy,0.0967888 ;
rhotaulsy,0.0625948 ;
rhogcy,0.154495 ;
rhogiy,0.154495 ;
rhoothgovy,0.154495 ;
rhoty,0.154495 ;
rhoyw,0.942149 ;
rhopoil,0.927868 ;
rhotauls,0.625948 ;
rhoa,0.861692 ;
rhoxia,0.987510 ;
rhomu,0.826122 ;
......@@ -39,12 +63,6 @@ rhor,0.906523 ;
rhod,0.559434 ;
rhoxib,0.918113 ;
rhosigma,0.960773 ;
rhogc,0.937163 ;
rhogi,0.961622 ;
rhot,0.898516 ;
rhoothgov,0.823865 ;
rhogovy,0.154495 ;
rhogovb,0.011807 ;
sigtauc,0.010030 ;
sigtaun,0.019346 ;
sigtauwh,0.007444 ;
......@@ -67,3 +85,5 @@ siggamman,0.007366 ;
sigsigma,0.035105 ;
sigyw,0.017308 ;
sigpoil,0.154146 ;
sigydze, 0.154146 ;
sigpize, 0.154146 ;
// Load data in levels.
dataFRlevels = dseries('../../data/dataFR_forecast.csv');
dataFRlevels = dseries('../../data/dataFR.csv');
// Remove the first observations (same starting date as in CMR) and rename the dseries object.
dataFR=dataFRlevels(1995Q1:dataFRlevels.dates(end));
......@@ -29,6 +29,8 @@ dataFR = dataFR.rename('loans_nfc_rpc', 'CREDIT_OBS');
dataFR = dataFR.rename('networth_rpc', 'NETWORTH_OBS');
dataFR = dataFR.rename('world_demand', 'YWORLD_OBS');
dataFR = dataFR.rename('oil_prices', 'POIL_OBS');
dataFR = dataFR.rename('eagdp_rpc', 'YDZE_OBS');
dataFR = dataFR.rename('eadefgdp', 'PIZE_OBS');
// Set subsample used to demean the dataFR
range = 1995Q2:2016Q4;
......
......@@ -261,6 +261,8 @@ CREDITSPREAD_OBS= 1;
NETWORTH_OBS = 1;
YWORLD_OBS = 1;
POIL_OBS = 1;
YDZE_OBS = 1;
PIZE_OBS = 1;
TAUC_OBS=TAUC;
TAUN_OBS=TAUN;
TAUWH_OBS=TAUWH;
......
......@@ -135,8 +135,8 @@ GAMMAPRI=gammai*(XIM^(-1/gammai)*(IM/I)/(IM(-1)/I(-1))-1)*(XIM^(-1/gammai)*1/I/(
PIRZE=PIRZE(-1)^rhopirze*PIBAR^(1-rhopirze)*(PI/PIBAR)^rhopi;
YDRZE=YDRZE(-1)^rhoydrze*steady_state(YDRZE)^(1-rhoydrze)*(YD/steady_state(YD))^rhoyd;
PIZE=PI^shfr*PIRZE^(1-shfr);
YDZE=YD^shfr*YDRZE^(1-shfr);
PIZE=PI^shfr*PIRZE^(1-shfr)*exp(sigpize*PIZE_EXO);
YDZE=YD^shfr*YDRZE^(1-shfr)*exp(sigydze*YDZE_EXO);
% Taylor rule
R/steady_state(R)=(R(-1)/steady_state(R))^rhor*((PIZE/PIBAR)^(gammapi)*(YDZE/YDZE(-1))^(gammay))^(1-rhor)*exp(XIR);
......@@ -237,16 +237,16 @@ 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)^(-rhogovb)*(YD/YD(-1))^(-rhogovy)*exp(siggc*GC_EXO);
OTHGOV/steady_state(OTHGOV)=(OTHGOV(-1)/steady_state(OTHGOV))^rhoothgov*(B(-1)/BBAR)^(-rhogovb)*(YD/YD(-1))^(-rhogovy)*exp(sigothgov*OTHGOV_EXO);
GI/steady_state(GI)=(GI(-1)/steady_state(GI))^rhogi*(B(-1)/BBAR)^(-rhogovb)*(YD/YD(-1))^(-rhogovy)*exp(siggi*GI_EXO);
T/steady_state(T)=(T(-1)/steady_state(T))^rhot*(B(-1)/BBAR)^(-rhogovb)*(YD/YD(-1))^(-rhogovy)*exp(sigt*T_EXO);
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*exp(sigtauc*TAUC_EXO);
TAUN/TAUNBAR=(TAUN(-1)/TAUNBAR)^rhotaun*exp(sigtaun*TAUN_EXO);
TAUWH/TAUWHBAR=(TAUWH(-1)/TAUWHBAR)^rhotauwh*exp(sigtauwh*TAUWH_EXO);
TAUWF/TAUWFBAR=(TAUWF(-1)/TAUWFBAR)^rhotauwf*exp(sigtauwf*TAUWF_EXO);
TAULS/steady_state(TAULS)=(TAULS(-1)/steady_state(TAULS))^rhotauls*exp(sigtauls*TAULS_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);
%fa shocks
GAMMAN=GAMMANBAR*exp(siggamman*GAMMAN_EXO);
SIGMA=steady_state(SIGMA)^(1-rhosigma)*SIGMA(-1)^rhosigma*exp(sigsigma*SIGMA_EXO);
......@@ -278,3 +278,5 @@ TAUWH_OBS=TAUWH;
TAUWF_OBS=TAUWF;
YWORLD_OBS=YW/YW(-1);
POIL_OBS=POILOPEX/POILOPEX(-1);
PIZE_OBS=PIZE/PIBAR;
YDZE_OBS=YDZE/YDZE(-1);
......@@ -77,11 +77,37 @@ rhopirze
rhoydrze
rhoyd
rhopi
rhotauc $\rho_{\tau c}$ (long_name='Autocorrelation, tax rate on consumption shock', measure='shock')
rhotaun $\rho_{\tau n}$ (long_name='Autocorrelation, tax rate on labour income shock', measure='shock')
rhotauwh $\rho_{\tau wh}$ (long_name='Autocorrelation, contribution rate to social security by employees', measure='shock')
rhotauwf $\rho_{\tau wf}$ (long_name='Autocorrelation, contribution rate to social security, by employers', measure='shock')
rhotauls $\rho_{\tau ls}$ (long_name='Autocorrelation, lump-sum transfers', measure='shock')
rhogc $\rho_{gc}$ (long_name='Autocorrelation, government consumption shock', measure='shock')
rhogi $\rho_{gi}$ (long_name='Autocorrelation, government investment shock', measure='shock')
rhot $\rho_t$ (long_name='Autocorrelation, government transfers shock', measure='shock')
rhoothgov $\rho_{othgov}$ (long_name='Autocorrelation, other government expenditures shock', measure='shock')
rhotaucb $\rho_{\tau c}$ (long_name='Autocorrelation, tax rate on consumption shock', measure='shock')
rhotaunb $\rho_{\tau n}$ (long_name='Autocorrelation, tax rate on labour income shock', measure='shock')
rhotauwhb $\rho_{\tau wh}$ (long_name='Autocorrelation, contribution rate to social security by employees', measure='shock')
rhotauwfb $\rho_{\tau wf}$ (long_name='Autocorrelation, contribution rate to social security, by employers', measure='shock')
rhotaulsb $\rho_{\tau ls}$ (long_name='Autocorrelation, lump-sum transfers', measure='shock')
rhogcb $\rho_{g b}$ (long_name='Debt feedback in fiscal rule', measure='shock')
rhogib $\rho_{g b}$ (long_name='Debt feedback in fiscal rule', measure='shock')
rhoothgovb $\rho_{g b}$ (long_name='Debt feedback in fiscal rule', measure='shock')
rhotb $\rho_{g b}$ (long_name='Debt feedback in fiscal rule', measure='shock')
rhogcy $\rho_{g y}$ (long_name='Output feedback in fiscal rule', measure='shock')
rhogiy $\rho_{g y}$ (long_name='Output feedback in fiscal rule', measure='shock')
rhoothgovy $\rho_{g y}$ (long_name='Output feedback in fiscal rule', measure='shock')
rhoty $\rho_{g y}$ (long_name='Output feedback in fiscal rule', measure='shock')
rhotaucy $\rho_{\tau c}$ (long_name='Autocorrelation, tax rate on consumption shock', measure='shock')
rhotauny $\rho_{\tau n}$ (long_name='Autocorrelation, tax rate on labour income shock', measure='shock')
rhotauwhy $\rho_{\tau wh}$ (long_name='Autocorrelation, contribution rate to social security by employees', measure='shock')
rhotauwfy $\rho_{\tau wf}$ (long_name='Autocorrelation, contribution rate to social security, by employers', measure='shock')
rhotaulsy $\rho_{\tau ls}$ (long_name='Autocorrelation, lump-sum transfers', measure='shock')
rhoa $\rho_{a}$ (long_name='Autocorrelation, persistent technology growth shock', measure='shock')
rhoxia $\rho_{\xi a}$ (long_name='Autocorrelation, temporary technology shock', measure='shock')
rhomu $\rho_{\mu}$ (long_name='Autocorrelation, investment price shock', measure='shock')
......@@ -91,12 +117,6 @@ rhoepsw $\rho_{\epsilon w}$ (long_name='Autocorrelation, wage markup shock', mea
rhor $\rho_{r}$ (long_name='Autocorrelation, monetary policy shock', measure='shock')
rhod $\rho_{d}$ (long_name='Autocorrelation, consumption preferences shock', measure='shock')
rhoxib $\rho_{\xi b}$ (long_name='Autocorrelation, government bond risk shock', measure='shock')
rhogc $\rho_{gc}$ (long_name='Autocorrelation, government consumption shock', measure='shock')
rhogi $\rho_{gi}$ (long_name='Autocorrelation, government investment shock', measure='shock')
rhot $\rho_t$ (long_name='Autocorrelation, government transfers shock', measure='shock')
rhoothgov $\rho_{othgov}$ (long_name='Autocorrelation, other government expenditures shock', measure='shock')
rhogovy $\rho_{g y}$ (long_name='Output feedback in fiscal rule', measure='shock')
rhogovb $\rho_{g b}$ (long_name='Debt feedback in fiscal rule', measure='shock')
rhosigma $\rho_{\sigma}$ (long_name='Autocorrelation, financial risk shock', measure='shock')
rhoyw $\rho_{yw}$ (long_name='Autocorrelation, foreign demand shock', measure='shock')
rhopoil $\rho_{oil}$ (long_name='Autocorrelation, oil price shock', measure='shock')
......@@ -123,4 +143,6 @@ siggamman $\sigma_{\gamma n}$ (long_name='Standard deviation, equity shock', mea
sigsigma $\sigma_{\sigma}$ (long_name='Standard deviation, financial risk shock', measure='shock')
sigyw $\sigma_{yw}$ (long_name='Standard deviation, foreign demand shock', measure='shock')
sigpoil $\sigma_{oil}$ (long_name='Standard deviation, oil price shock', measure='shock')
sigydze $\sigma_{ydze}$ (long_name='Standard deviation, Euro area GDP shock', measure='shock')
sigpize $\sigma_{\pi ze}$ (long_name='Standard deviation, Euro area inflation shock', measure='shock')
;
......@@ -26,13 +26,39 @@ rhopirze = 0.8;
rhoydrze = 0.8;
rhoyd = 0.6;
rhopi = 0.6;
rhotauc = 0.926178;
rhotaun = 0.918729;
rhotauwh = 0.966294;
rhotauwf = 0.967888;
rhotauls = 0.625948;
rhogc = 0.937163;
rhogi = 0.961622;
rhot = 0.898516;
rhoothgov = 0.823865;
rhotaucb = 0.0926178 ;
rhotaunb = 0.0918729 ;
rhotauwhb = 0.0966294 ;
rhotauwfb = 0.0967888 ;
rhotaulsb = 0.0625948 ;
rhogcb = 0.011807 ;
rhogib = 0.011807 ;
rhoothgovb = 0.011807 ;
rhotb = 0.011807 ;
rhotaucy = 0.0926178 ;
rhotauny = 0.0918729 ;
rhotauwhy = 0.0966294 ;
rhotauwfy = 0.0967888 ;
rhotaulsy = 0.0625948 ;
rhogcy = 0.154495 ;
rhogiy = 0.154495 ;
rhoothgovy = 0.154495 ;
rhoty = 0.154495 ;
rhoyw = 0.942149;
rhopoil = 0.927868;
rhotauls = 0.625948;
rhoa = 0.861692;
rhoxia = 0.987510;
rhomu = 0.826122;
......@@ -43,12 +69,6 @@ rhor = 0.906523;
rhod = 0.559434;
rhoxib = 0.918113;
rhosigma = 0.960773;
rhogc = 0.937163;
rhogi = 0.961622;
rhot = 0.898516;
rhoothgov = 0.823865;
rhogovy = 0.154495;
rhogovb = 0.011807;
sigtauc = 0.010030;
sigtaun = 0.019346;
sigtauwh = 0.007444;
......@@ -71,3 +91,5 @@ siggamman = 0.007366;
sigsigma = 0.035105;
sigyw = 0.017308;
sigpoil = 0.154146;
sigydze = 0.154146;
sigpize = 0.154146;
......@@ -20,3 +20,5 @@ TAUWH_OBS
TAUWF_OBS
YWORLD_OBS
POIL_OBS
PIZE_OBS
YDZE_OBS