This .mod file implements a dynamic stochastic simulation of the model under
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This .mod file implements a dynamic stochastic simulation of the model under

Part e.

The Matlab .m le called FullOERBC_DynareCodeControl is set up to run the Dynare .mod file called FullOERBC_DynareCode. This .mod file implements a dynamic stochastic simulation of the model under consideration in this problem. However, the .mod file is incomplete: it is missing 3 parameter values and 4 equations under the “model block”. Please complete the .mod le as necessary so that the simulation runs (among other things, you will need to implement parameter values that you found earlier in this problem). For your learning, please note how the “shock block” has been modified to t the needs of this simulation.

Hint
EconomicsA stochastic simulation is a model of a system in which variables vary stochastically (at random) based on individual probability. These random variables' realizations are generated and placed into a system model. The model's outputs are recorded, and the procedure is then repeated with a new set of random values. These processes are continued until the data collection is complete. Finall...

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