{ "cells": [ { "cell_type": "markdown", "metadata": { "nbpresent": { "id": "b6da1b81-9914-413e-9c40-e28c68081373" } }, "source": [ "# Monetary Policy Model\n", "\n", "**Randall Romero Aguilar, PhD**\n", "\n", "This demo is based on the original Matlab demo accompanying the Computational Economics and Finance 2001 textbook by Mario Miranda and Paul Fackler.\n", "\n", "Original (Matlab) CompEcon file: **demdp11.m**\n", "\n", "Running this file requires the Python version of CompEcon. This can be installed with pip by running\n", "\n", " !pip install compecon --upgrade\n", "\n", "Last updated: 2022-Oct-23\n", "
\n", " | GDP gap | \n", "inflation | \n", "interest | \n", "
---|---|---|---|
Deterministic Steady-State | \n", "0.608 | \n", "0.059 | \n", "0.000 | \n", "
Ergodic Means | \n", "0.585 | \n", "0.058 | \n", "0.309 | \n", "
Ergodic Standard Deviations | \n", "0.313 | \n", "0.332 | \n", "0.720 | \n", "