DSGE Models

[Felipe Salce]

Greetings,

I am working on a basic nonlinear dsge model using the dsgenl command, but I would like the external shock to be not 1%, but 0.06%, or any other magnitude. is this possible in Stata?

Code:

matrix param = (0.97, 0.36, 0.06, 0.95, 0.4)    
matrix colnames param = beta alpha delta rho gamma 

dsgenl  ({gamma}/c*w = (1-{gamma})/(1-n))  
        ( {beta} * c / F.c * (F.r +1 - {delta}) = 1 )
        (y = k^({alpha}) * (a*n)^(1-{alpha})) 
        (y=c+i) 
        (F.k = i + (1-{delta})*k) 
        ({alpha} * k^({alpha}-1) * (a*n)^(1-{alpha}) = r) 
        ((1-{alpha}) * k^({alpha}) * n^(-{alpha}) *a^(1-{alpha}) = w) 
        (log(F.a) = {rho} * log(a)) 
        , observed(y) unobserved(c i w n r) ///
        endostate(k) exostate(a) ///
        solve noidencheck from(param) nolog
      
estat steady, compact  
estat policy, compact

irf set dsgeirf.irf 
irf create model2, step(40) replace
irf graph irf, impulse(a) response(y c i n w a r k) irf(model2) byopts(yrescale) legend(cols(2)) noci

Thanks,