MODEL SUMMARY
 
  Number of variables:         6
  Number of stochastic shocks: 2
  Number of state variables:   3
  Number of jumpers:           3
  Number of static variables:  1


MATRIX OF COVARIANCE OF EXOGENOUS SHOCKS

Variables    e         u         
e            0.000081  0.000008
u            0.000008  0.000081
 
POLICY AND TRANSITION FUNCTIONS
                                       h               a               k               b               c               y
Constant                    0.291756               0       11.083605               0        0.803592        1.080683
a(-1)                       0.341715        0.950000        1.419062        0.025000        0.424583        1.836717
k(-1)                      -0.012547               0        0.941817               0        0.038542        0.005358
b(-1)                       0.341715        0.025000        1.419062        0.950000       -0.318740        0.837086
e                           0.350477        1.000000        1.455448               0        0.456074        1.911522
u                           0.350477               0        1.455448        1.000000       -0.347518        0.830840


MOMENTS OF SIMULATED VARIABLES

VARIABLE      MEAN            STD. DEV.       VARIANCE        SKEWNESS        KURTOSIS        
a                 0.009498        0.036151        0.001307        0.129833       -1.045066
b                 0.010887        0.037486        0.001405       -0.625348        0.428224
c                 0.828595        0.055697        0.003102       -0.170211       -1.305873
h                 0.290940        0.012772        0.000163        0.559332       -0.180536
k                11.710854        1.339180        1.793402       -0.093948       -1.381828
y                 1.111284        0.097183        0.009444        0.209114       -1.381372


CORRELATION OF SIMULATED VARIABLES

VARIABLE    a       b       c       h       k       y       
a           1.0000  0.5971  0.8506  0.6207  0.7692  0.9578
b           0.5971  1.0000  0.6367  0.6361  0.7693  0.8004
c           0.8506  0.6367  1.0000  0.2252  0.9711  0.8804
h           0.6207  0.6361  0.2252  1.0000  0.2436  0.6604
k           0.7692  0.7693  0.9711  0.2436  1.0000  0.8671
y           0.9578  0.8004  0.8804  0.6604  0.8671  1.0000


AUTOCORRELATION OF SIMULATED VARIABLES

VARIABLE    1       2       3       4       5       
a           0.9681  0.9415  0.9174  0.8946  0.8729
b           0.9744  0.9516  0.9301  0.9084  0.8799
c           0.9950  0.9891  0.9817  0.9734  0.9635
h           0.9329  0.8791  0.8395  0.7990  0.7524
k           0.9994  0.9973  0.9937  0.9887  0.9824
y           0.9801  0.9638  0.9495  0.9340  0.9186