[IrisToolbox] for Macroeconomic Modeling

Main keywords in the model source language

jaromir.benes@iris-toolbox.com

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Structure of model source code

• Model source code consists of any number of files with any number of any sections in any order

• At least one transition equation and one transition variable

• Although possible, refrain from hardcoding parameter values

• Model source code is meant to describe the model

• ...but not its numerical values (parameters, steady state, simulated)

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Declare quantities

!transition-variables

!transition-shocks

!measurement-variables

!measurement-shocks

!parameters

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Define equations

!transition-equations

!measurement-equations

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Control log-status

!log-variables

!log-variables !all-but

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Extras

!exogenous-variables

!measurement-trends

!links

!preprocessor

!postprocessor

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Dynamic and steady state equations

dynamic !! steady;