Test Preference Default Low Cmin (Save + Borr Distribution)
back to Fan's Dynamic Assets Repository Table of Content.
Default allowed, but cmin very low, so people might not default at all.
@seealso
- test speed: fsi_abz_ds_vecsv_speed
- test joint RANDOM: fsi_abz_ds_vecsv_joint_rand
- test price no default CROSS: fsi_abz_ds_vecsv_price_nbc_cross
- test price default CROSS: fsi_abz_ds_vecsv_price_default_cross
- test interest rate no default: fsi_abz_ds_vecsv_nbc
- test interest rate no default CROSS: fsi_abz_ds_vecsv_nbc_cross
- test interest rate no default GRID: fsi_abz_ds_vecsv_nbc_grid
- test interest rate default: fsi_abz_ds_vecsv_default
- test interest rate default V(a,z) Comparison: fsi_abz_ds_vecsv_default_compaz
- test interest rate default CROSS: fsi_abz_ds_vecsv_default_cross
- test interest rate default GRID: fsi_abz_ds_vecsv_default_grid
- test shock default (very low cmin): fsi_abz_ds_vecsv_shk_default_lowcmin
- test shock no default: fsi_abz_ds_vecsv_shk_nbc
- test shock no default CROSS: fsi_abz_ds_vecsv_shk_nbc_cross
- test shock default: fsi_abz_ds_vecsv_shk_default
- test shock default CROSS: fsi_abz_ds_vecsv_shk_default_cross
- test preference no default: fsi_abz_ds_vecsv_pref_nbc
- test preference no default CROSS: fsi_abz_ds_vecsv_pref_nbc_cross
- test preference default: fsi_abz_ds_vecsv_pref_default
- test preference default CROSS: fsi_abz_ds_vecsv_pref_default_cross
- test preference default (very low cmin): fsi_abz_ds_vecsv_pref_default_lowcmin
Contents
Set Shared Parameters
close all; clear all; ar_fl_beta = [0.94, 0.96, 0.98]; ar_fl_crra = [1, 1.5, 2.0]; % Accuracy ar_it_a_n_hg = [750]; % Borrowing/Savings Parameters bl_default = true; fl_c_min = 10^-300; % cmin so low default exists but never chosen fl_b_bd = -20;
Simulate Model with Discount Low
for fl_crra = ar_fl_crra disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp(['fl_beta = ' num2str(ar_fl_beta(1))]); disp(['fl_crra = ' num2str(fl_crra)]); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp(''); disp(''); disp(''); disp(''); % Call Default Parameters <https://fanwangecon.github.io/CodeDynaAsset/m_az/paramfunc/html/ffs_abz_set_default_param.html ffs_abz_set_default_param> bl_input_override = true; it_param_set = 9; [param_map, support_map] = ffs_abz_set_default_param(it_param_set); % Preference param_map('fl_beta') = ar_fl_beta(1); param_map('fl_crra') = fl_crra; % Borrowing Parameters param_map('bl_default') = bl_default; param_map('fl_c_min') = fl_c_min; param_map('fl_b_bd') = fl_b_bd; % Display Parameters support_map('bl_display') = false; support_map('bl_display_final') = false; support_map('bl_time') = true; support_map('bl_profile') = false; for it_accuracy = 1:length(ar_it_a_n_hg) % Accuracy Regular param_map('it_a_n') = ar_it_a_n_hg(it_accuracy); it_z_n = param_map('it_z_n'); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp(['it_a_n = ' num2str(ar_it_a_n_hg(it_accuracy)) ', it_z_n = ' it_z_n]); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); % Call Grid Generator <https://fanwangecon.github.io/CodeDynaAsset/m_az/paramfunc/html/ffs_abz_get_funcgrid.html ffs_abz_get_funcgrid> [armt_map, func_map] = ffs_abz_get_funcgrid(param_map, support_map, bl_input_override); % Call Dynamic Programming Problem <https://fanwangecon.github.io/CodeDynaAsset/m_az/solve/html/ff_abz_vf_vecsv.html ff_abz_vf_vecsv> result_map = ff_abz_vf_vecsv(param_map, support_map, armt_map, func_map); % Call Distribution CProgram result_map = ff_az_ds_vecsv(param_map, support_map, armt_map, func_map, result_map, bl_input_override); end % Snap snapnow; end % close all close all;
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
fl_beta = 0.94
fl_crra = 1
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
it_a_n = 750, it_z_n = 7
xxxxxxxxxxxxxxxxxxxxxxxxxxx
Elapsed time is 18.036678 seconds.
Elapsed time is 2.757137 seconds.
mean sd coefofvar min max pYis0 pYls0 pYgr0 pYisMINY pYisMAXY p0_1 p1 p5 p10 p15 p20 p25 p35 p50 p65 p75 p80 p85 p90 p95 p99 p99_9 fl_cov_cl_mt_val fl_cor_cl_mt_val fl_cov_cl_mt_pol_a fl_cor_cl_mt_pol_a fl_cov_cl_mt_coh fl_cor_cl_mt_coh fl_cov_cl_mt_pol_c fl_cor_cl_mt_pol_c fracByP0_1 fracByP1 fracByP5 fracByP10 fracByP15 fracByP20 fracByP25 fracByP35 fracByP50 fracByP65 fracByP75 fracByP80 fracByP85 fracByP90 fracByP95 fracByP99 fracByP99_9
__________ _______ _________ _______ ______ _______ ________ _______ __________ ___________ _______ _______ ________ _______ ________ ________ ________ _________ ______ _______ _______ _______ _______ ______ ______ ______ ______ ________________ ________________ __________________ __________________ ________________ ________________ __________________ __________________ __________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ ___________
cl_mt_val 3.081 2.1856 0.7094 -690.46 20.517 0 0.068481 0.93152 2.2238e-09 -8.7569e-35 -7.2067 -2.8221 -0.44136 0.51341 1.1696 1.502 1.889 2.4541 3.2489 3.9893 4.3713 4.7855 5.0666 5.5368 6.2395 7.6185 8.9442 4.777 1 2.0076 0.84843 1.9439 0.77852 0.75123 0.9091 -0.0037213 -0.01573 -0.032863 -0.03119 -0.01615 0.0044416 0.032092 0.1112 0.27396 0.41648 0.56028 0.62424 0.70436 0.79135 0.8853 0.97356 0.99708
cl_mt_pol_a -0.0030259 1.0826 -357.79 -19.512 47.413 0.11422 0.45996 0.42582 1.4648e-11 -8.7569e-35 -5.377 -3.1377 -1.707 -1.1095 -0.78062 -0.59745 -0.42675 -0.17347 0 0.18236 0.36471 0.54707 0.82061 1.0941 1.8236 3.3736 5.3795 2.0076 0.84843 1.1721 1 1.2177 0.98457 0.34948 0.85382 2.1433 13.446 44.694 67.248 81.432 92.717 100.97 110 113.96 109.45 102.55 92.621 81.485 67.642 44.273 14.451 2.9397
cl_mt_coh 0.086823 1.1424 13.158 -19.968 50.122 0 0.39465 0.60535 6.1264e-11 3.6126e-34 -5.6952 -3.2653 -1.7476 -1.0934 -0.74192 -0.53261 -0.34569 -0.087716 0.0992 0.26372 0.49543 0.65995 0.89552 1.2431 1.946 3.5795 5.6356 1.9439 0.77852 1.2177 0.98457 1.3051 1 0.33893 0.78469 -0.079531 -0.5061 -1.6253 -2.4144 -2.892 -3.2535 -3.498 -3.716 -3.6836 -3.3932 -2.9409 -2.6146 -2.1982 -1.5018 -0.68145 0.50743 0.92949
cl_mt_pol_c 1.2587 0.37808 0.30037 1e-300 5.8657 0 0 1 1.0548e-07 -8.7569e-35 0.44122 0.61449 0.75161 0.81469 0.86159 0.91377 0.96058 1.0721 1.2061 1.3819 1.5024 1.6146 1.6965 1.8173 1.9479 2.1941 2.5422 0.75123 0.9091 0.34948 0.85382 0.33893 0.78469 0.14294 1 0.00029089 0.0042743 0.026595 0.057796 0.092117 0.12666 0.16465 0.24499 0.40708 0.53404 0.64771 0.71163 0.775 0.84281 0.91628 0.98133 0.99798
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
fl_beta = 0.94
fl_crra = 1.5
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
it_a_n = 750, it_z_n = 7
xxxxxxxxxxxxxxxxxxxxxxxxxxx
Elapsed time is 22.283537 seconds.
Elapsed time is 3.643564 seconds.
mean sd coefofvar min max pYis0 pYls0 pYgr0 pYisMINY pYisMAXY p0_1 p1 p5 p10 p15 p20 p25 p35 p50 p65 p75 p80 p85 p90 p95 p99 p99_9 fl_cov_cl_mt_val fl_cor_cl_mt_val fl_cov_cl_mt_pol_a fl_cor_cl_mt_pol_a fl_cov_cl_mt_coh fl_cor_cl_mt_coh fl_cov_cl_mt_pol_c fl_cor_cl_mt_pol_c fracByP0_1 fracByP1 fracByP5 fracByP10 fracByP15 fracByP20 fracByP25 fracByP35 fracByP50 fracByP65 fracByP75 fracByP80 fracByP85 fracByP90 fracByP95 fracByP99 fracByP99_9
___________ ___________ ___________ _______ ______ ________ _______ _______ ___________ ___________ _______ _______ _______ ________ _______ ________ ________ ________ ________ _______ _______ ______ ______ ______ ______ ______ ______ ________________ ________________ __________________ __________________ ________________ ________________ __________________ __________________ __________ _________ ________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ ___________
cl_mt_val -8.539e+117 9.2104e+133 -1.0786e+16 -2e+150 14.902 0 0.11114 0.88886 -4.5154e-34 8.876e-35 -8.838 -4.3528 -1.4187 -0.19064 0.53144 1.0667 1.4739 2.1249 2.9294 3.6424 4.1732 4.4445 4.7718 5.2181 5.8538 7.0059 8.1056 8.4831e+267 1 1.5472e+119 1.0595e-15 1.4504e+119 9.4819e-16 1.0222e+118 3.1362e-16 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
cl_mt_pol_a 0.21926 1.5855 7.2313 -19.512 48.416 0.054905 0.42573 0.51937 -8.7673e-35 8.876e-35 -4.3368 -3.414 -2.2191 -1.5612 -1.1462 -0.8535 -0.59745 -0.25605 0.091178 0.45589 0.91178 1.1853 1.55 2.0971 3.1001 5.2884 8.1149 1.5472e+119 1.0595e-15 2.5139 1 2.6035 0.98869 0.50824 0.90583 -0.021141 -0.1888 -0.68188 -1.1007 -1.4039 -1.646 -1.8061 -1.9793 -1.9952 -1.8105 -1.4892 -1.2552 -0.98639 -0.56841 0.019328 0.71547 0.96165
cl_mt_coh 0.30855 1.6608 5.3827 -19.968 50.122 0 0.39292 0.60708 -8.0304e-35 -1.9841e-34 -4.5737 -3.6167 -2.3083 -1.583 -1.1382 -0.81298 -0.53261 -0.15877 0.19266 0.58889 0.98898 1.3366 1.7104 2.2711 3.2992 5.5198 8.3498 1.4504e+119 9.4819e-16 2.6035 0.98869 2.7584 1 0.50059 0.85174 -0.016198 -0.14049 -0.50755 -0.81426 -1.0293 -1.1975 -1.3026 -1.4 -1.3739 -1.1684 -0.94411 -0.71091 -0.49994 -0.17767 0.26842 0.78086 0.9694
cl_mt_pol_c 1.2581 0.35387 0.28127 1e-300 4.8627 0 0 1 -4.5154e-34 8.876e-35 0.35807 0.58126 0.74455 0.83341 0.89524 0.93489 0.97106 1.0728 1.2084 1.3911 1.5184 1.5985 1.6397 1.7531 1.8808 2.1388 2.41 1.0222e+118 3.1362e-16 0.50824 0.90583 0.50059 0.85174 0.12523 1 0.00024859 0.0040268 0.025567 0.057445 0.091717 0.12832 0.16818 0.24859 0.39718 0.5478 0.65721 0.71989 0.78227 0.84988 0.92107 0.98228 0.99804
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
fl_beta = 0.94
fl_crra = 2
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
it_a_n = 750, it_z_n = 7
xxxxxxxxxxxxxxxxxxxxxxxxxxx
Elapsed time is 19.258689 seconds.
Elapsed time is 2.570029 seconds.
mean sd coefofvar min max pYis0 pYls0 pYgr0 pYisMINY pYisMAXY p0_1 p1 p5 p10 p15 p20 p25 p35 p50 p65 p75 p80 p85 p90 p95 p99 p99_9 fl_cov_cl_mt_val fl_cor_cl_mt_val fl_cov_cl_mt_pol_a fl_cor_cl_mt_pol_a fl_cov_cl_mt_coh fl_cor_cl_mt_coh fl_cov_cl_mt_pol_c fl_cor_cl_mt_pol_c fracByP0_1 fracByP1 fracByP5 fracByP10 fracByP15 fracByP20 fracByP25 fracByP35 fracByP50 fracByP65 fracByP75 fracByP80 fracByP85 fracByP90 fracByP95 fracByP99 fracByP99_9
___________ _______ _________ _______ ______ ________ _______ _______ ___________ __________ _______ _______ _______ ________ _______ ________ ________ _________ _______ _______ ______ ______ ______ ______ ______ ______ ______ ________________ ________________ __________________ __________________ ________________ ________________ __________________ __________________ __________ _________ ________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ ___________
cl_mt_val 7.9924e+285 NaN NaN -1e+300 11.406 0 0.12186 0.87814 -8.5492e-16 1.4845e-33 -11.52 -5.3324 -1.8086 -0.38121 0.41834 0.98933 1.3937 2.0757 2.7898 3.504 3.9863 4.2469 4.5779 4.9305 5.4831 6.4318 7.3187 NaN NaN -1.1906e+287 NaN -1.4312e+287 NaN -9.8808e+285 NaN 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
cl_mt_pol_a 0.63272 1.9826 3.1335 -19.512 48.78 0.037634 0.36741 0.59496 -7.7776e-21 1.2902e-33 -4.1821 -3.3827 -2.2191 -1.5363 -1.1095 -0.76815 -0.5121 -0.086736 0.27354 0.91178 1.55 1.9147 2.3706 3.1912 4.3766 7.0207 10.394 -1.1906e+287 NaN 3.9309 1 4.0562 0.99096 0.61183 0.91555 -0.0085107 -0.061883 -0.23719 -0.38204 -0.48202 -0.55287 -0.60327 -0.64346 -0.61711 -0.47075 -0.26252 -0.13568 0.022348 0.2646 0.5402 0.86862 0.98185
cl_mt_coh 0.73445 2.0645 2.811 -19.968 50.122 0 0.34287 0.65713 -1.6852e-19 1.1526e-33 -4.4578 -3.5457 -2.3083 -1.5606 -1.0934 -0.71952 -0.43915 0.028142 0.40197 1.0562 1.688 2.0842 2.5515 3.3702 4.5852 7.3179 10.776 -1.4312e+287 NaN 4.0562 0.99096 4.2622 1 0.60608 0.87099 -0.0074697 -0.056352 -0.21395 -0.3422 -0.42833 -0.48708 -0.5261 -0.549 -0.50292 -0.35112 -0.17106 -0.03235 0.11414 0.318 0.57624 0.88252 0.98382
cl_mt_pol_c 1.2706 0.33705 0.26528 1e-300 4.498 0 0 1 -8.5492e-16 1.4845e-33 0.36398 0.58126 0.76564 0.85527 0.90986 0.94685 1.0234 1.0934 1.2861 1.4047 1.521 1.5508 1.6532 1.687 1.8157 2.0819 2.2802 -9.8808e+285 NaN 0.61183 0.91555 0.60608 0.87099 0.11361 1 0.00023695 0.0039485 0.025668 0.05763 0.09307 0.12908 0.16829 0.25148 0.39137 0.55335 0.66712 0.72548 0.78742 0.85297 0.92244 0.98299 0.99811
Simulate Model with Discount Medium
close all for fl_crra = ar_fl_crra disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp(['fl_beta = ' num2str(ar_fl_beta(2))]); disp(['fl_crra = ' num2str(fl_crra)]); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp(''); disp(''); disp(''); disp(''); % Call Default Parameters <https://fanwangecon.github.io/CodeDynaAsset/m_az/paramfunc/html/ffs_abz_set_default_param.html ffs_abz_set_default_param> bl_input_override = true; it_param_set = 9; [param_map, support_map] = ffs_abz_set_default_param(it_param_set); % Preference param_map('fl_beta') = ar_fl_beta(2); param_map('fl_crra') = fl_crra; % Borrowing Parameters param_map('bl_default') = bl_default; param_map('fl_c_min') = fl_c_min; param_map('fl_b_bd') = fl_b_bd; % Display Parameters support_map('bl_display') = false; support_map('bl_display_final') = false; support_map('bl_time') = true; support_map('bl_profile') = false; for it_accuracy = 1:length(ar_it_a_n_hg) % Accuracy Regular param_map('it_a_n') = ar_it_a_n_hg(it_accuracy); it_z_n = param_map('it_z_n'); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp(['it_a_n = ' num2str(ar_it_a_n_hg(it_accuracy)) ', it_z_n = ' it_z_n]); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); % Call Grid Generator <https://fanwangecon.github.io/CodeDynaAsset/m_az/paramfunc/html/ffs_abz_get_funcgrid.html ffs_abz_get_funcgrid> [armt_map, func_map] = ffs_abz_get_funcgrid(param_map, support_map, bl_input_override); % Call Dynamic Programming Problem <https://fanwangecon.github.io/CodeDynaAsset/m_az/solve/html/ff_abz_vf_vecsv.html ff_abz_vf_vecsv> result_map = ff_abz_vf_vecsv(param_map, support_map, armt_map, func_map); % Call Distribution CProgram result_map = ff_az_ds_vecsv(param_map, support_map, armt_map, func_map, result_map, bl_input_override); end % Snap snapnow; end % close all close all;
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
fl_beta = 0.96
fl_crra = 1
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
it_a_n = 750, it_z_n = 7
xxxxxxxxxxxxxxxxxxxxxxxxxxx
Elapsed time is 18.675761 seconds.
Elapsed time is 3.482810 seconds.
mean sd coefofvar min max pYis0 pYls0 pYgr0 pYisMINY pYisMAXY p0_1 p1 p5 p10 p15 p20 p25 p35 p50 p65 p75 p80 p85 p90 p95 p99 p99_9 fl_cov_cl_mt_val fl_cor_cl_mt_val fl_cov_cl_mt_pol_a fl_cor_cl_mt_pol_a fl_cov_cl_mt_coh fl_cor_cl_mt_coh fl_cov_cl_mt_pol_c fl_cor_cl_mt_pol_c fracByP0_1 fracByP1 fracByP5 fracByP10 fracByP15 fracByP20 fracByP25 fracByP35 fracByP50 fracByP65 fracByP75 fracByP80 fracByP85 fracByP90 fracByP95 fracByP99 fracByP99_9
______ _______ _________ _______ ______ ________ _________ _______ __________ __________ ________ ________ ________ _________ ________ _______ ______ _______ _______ ______ ______ ______ ______ ______ ______ ______ ______ ________________ ________________ __________________ __________________ ________________ ________________ __________________ __________________ ___________ __________ _________ _________ _________ _________ _________ ___________ _________ _________ _________ _________ _________ _________ _________ _________ ___________
cl_mt_val 5.8682 2.2623 0.38553 -689.15 26.866 0 0.0029368 0.99706 3.2165e-13 1.1775e-31 -0.81117 0.93238 2.3173 3.1334 3.604 4.0117 4.2877 4.9867 5.8016 6.6047 7.2584 7.6811 8.1981 8.8306 9.8123 11.728 13.776 5.1182 1 3.4102 0.85635 3.2646 0.79818 0.73171 0.98635 -0.00028693 0.00026695 0.012836 0.037854 0.065443 0.099007 0.14046 0.23137 0.35075 0.5086 0.62618 0.69014 0.75511 0.82739 0.90651 0.97858 0.99756
cl_mt_pol_a 1.2355 1.7603 1.4247 -19.512 48.78 0.094313 0.16649 0.7392 2.4039e-15 3.8128e-31 -1.8777 -0.93885 -0.3414 -0.1707 -0.08535 0 0 0.27354 0.63825 1.1853 1.9147 2.2795 2.8265 3.556 4.8325 7.659 11.215 3.4102 0.85635 3.0985 1 3.1497 0.98973 0.48372 0.83805 -0.0018648 -0.011865 -0.030136 -0.038095 -0.04251 -0.04251 -0.04251 -0.022364 0.02665 0.13225 0.27496 0.34943 0.45349 0.57035 0.73791 0.92622 0.9898
cl_mt_coh 1.3743 1.8079 1.3155 -19.968 50.122 0 0.10894 0.89106 9.7827e-15 2.4619e-31 -1.9345 -0.90644 -0.25223 -0.065316 0.028142 0.1216 0.1216 0.37957 0.77581 1.3366 2.0618 2.458 2.9964 3.7665 5.0749 7.9721 11.617 3.2646 0.79818 3.1497 0.98973 3.2685 1 0.46842 0.79015 -0.0017354 -0.010678 -0.025037 -0.028871 -0.028053 -0.020426 -0.020426 -0.00035811 0.064041 0.17232 0.2976 0.38488 0.47425 0.5961 0.75453 0.93122 0.99052
cl_mt_pol_c 1.3077 0.32791 0.25076 1e-300 4.498 0 0 1 1.5121e-11 1.1775e-31 0.55267 0.67429 0.74727 0.85339 0.90421 0.98747 1.0832 1.2061 1.3132 1.4318 1.5391 1.5622 1.6648 1.6984 1.8266 2.0956 2.2944 0.73171 0.98635 0.48372 0.83805 0.46842 0.79015 0.10752 1 0.00040324 0.0049338 0.027206 0.057606 0.091881 0.13518 0.1718 0.27466 0.39888 0.55734 0.671 0.73227 0.79481 0.85789 0.92487 0.98343 0.9982
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
fl_beta = 0.96
fl_crra = 1.5
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
it_a_n = 750, it_z_n = 7
xxxxxxxxxxxxxxxxxxxxxxxxxxx
Elapsed time is 23.261128 seconds.
Elapsed time is 2.220299 seconds.
mean sd coefofvar min max pYis0 pYls0 pYgr0 pYisMINY pYisMAXY p0_1 p1 p5 p10 p15 p20 p25 p35 p50 p65 p75 p80 p85 p90 p95 p99 p99_9 fl_cov_cl_mt_val fl_cor_cl_mt_val fl_cov_cl_mt_pol_a fl_cor_cl_mt_pol_a fl_cov_cl_mt_coh fl_cor_cl_mt_coh fl_cov_cl_mt_pol_c fl_cor_cl_mt_pol_c fracByP0_1 fracByP1 fracByP5 fracByP10 fracByP15 fracByP20 fracByP25 fracByP35 fracByP50 fracByP65 fracByP75 fracByP80 fracByP85 fracByP90 fracByP95 fracByP99 fracByP99_9
____________ __________ ___________ _______ ______ _______ ________ _______ __________ __________ _______ ________ ________ ________ ________ ________ _______ _______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ________________ ________________ __________________ __________________ ________________ ________________ __________________ __________________ __________ _________ _________ _________ _________ _________ _________ __________ _________ _________ _________ _________ _________ _________ _________ _________ ___________
cl_mt_val -5.6268e+136 2.586e+143 -4.5959e+06 -2e+150 20.425 0 0.012419 0.98758 2.3874e-15 1.6513e-16 -3.2907 -0.21091 1.7394 2.7235 3.2806 3.6684 4.0834 4.7109 5.5659 6.475 7.1463 7.5338 7.9936 8.5993 9.4785 11.122 12.824 6.6875e+286 1 9.2391e+137 1.4095e-06 1.0767e+138 1.5984e-06 7.2335e+136 9.1683e-07 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
cl_mt_pol_a 2.022 2.5347 1.2536 -19.512 48.78 0.04117 0.15244 0.80639 2.0873e-20 7.6002e-16 -2.8214 -1.4509 -0.61718 -0.25605 -0.08535 0.091178 0.18236 0.63825 1.2765 2.2795 3.1001 3.7383 4.4677 5.4707 7.1119 10.668 15.318 9.2391e+137 1.4095e-06 6.4248 1 6.5583 0.99332 0.6793 0.87843 -0.0016548 -0.0105 -0.028962 -0.040355 -0.043036 -0.041402 -0.039441 -0.013862 0.055157 0.19197 0.31412 0.40447 0.50953 0.62634 0.77393 0.93749 0.99188
cl_mt_coh 2.1783 2.6048 1.1958 -19.968 50.122 0 0.12926 0.87074 4.7283e-19 4.9148e-16 -2.9625 -1.4672 -0.57741 -0.15877 0.028142 0.19266 0.30852 0.75341 1.43 2.4356 3.2992 3.931 4.6562 5.6843 7.4113 11.056 15.8 1.0767e+138 1.5984e-06 6.5583 0.99332 6.7848 1 0.66949 0.84247 -0.0017311 -0.010047 -0.026665 -0.035192 -0.035635 -0.032443 -0.027154 -0.0015726 0.07595 0.20509 0.33476 0.41541 0.51411 0.63112 0.78241 0.94002 0.99199
cl_mt_pol_c 1.3252 0.30509 0.23022 1e-300 4.498 0 0 1 2.3874e-15 1.6513e-16 0.55858 0.66731 0.82195 0.89135 0.98557 1.0654 1.1071 1.2142 1.3271 1.4482 1.5529 1.5871 1.6164 1.7307 1.7896 2.0551 2.2871 7.2335e+136 9.1683e-07 0.6793 0.87843 0.66949 0.84247 0.093078 1 0.0003965 0.0046689 0.027946 0.060005 0.095628 0.13349 0.17558 0.2634 0.40827 0.56638 0.67845 0.73708 0.79748 0.86047 0.92678 0.98391 0.99823
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
fl_beta = 0.96
fl_crra = 2
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
it_a_n = 750, it_z_n = 7
xxxxxxxxxxxxxxxxxxxxxxxxxxx
Elapsed time is 23.846303 seconds.
Elapsed time is 2.425940 seconds.
mean sd coefofvar min max pYis0 pYls0 pYgr0 pYisMINY pYisMAXY p0_1 p1 p5 p10 p15 p20 p25 p35 p50 p65 p75 p80 p85 p90 p95 p99 p99_9 fl_cov_cl_mt_val fl_cor_cl_mt_val fl_cov_cl_mt_pol_a fl_cor_cl_mt_pol_a fl_cov_cl_mt_coh fl_cor_cl_mt_coh fl_cov_cl_mt_pol_c fl_cor_cl_mt_pol_c fracByP0_1 fracByP1 fracByP5 fracByP10 fracByP15 fracByP20 fracByP25 fracByP35 fracByP50 fracByP65 fracByP75 fracByP80 fracByP85 fracByP90 fracByP95 fracByP99 fracByP99_9
___________ _______ _________ _______ ______ ________ ________ _______ __________ __________ _______ _______ ________ _________ ________ _______ _______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ________________ ________________ __________________ __________________ ________________ ________________ __________________ __________________ __________ __________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ ___________
cl_mt_val -4.273e+277 NaN NaN -1e+300 16.099 0 0.019498 0.9805 2.0924e-24 1.1002e-12 -5.6115 -1.1487 1.428 2.522 3.155 3.6006 4.0041 4.639 5.4998 6.3175 6.9404 7.3224 7.7357 8.2514 9.0133 10.344 11.678 NaN NaN 6.5058e+278 NaN 7.2568e+278 NaN 5.5809e+277 NaN 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
cl_mt_pol_a 2.8476 3.1942 1.1217 -19.512 48.78 0.026178 0.12361 0.85021 2.337e-29 8.249e-12 -3.2433 -1.7923 -0.6828 -0.1707 0.091178 0.27354 0.54707 1.0941 2.0059 3.2824 4.2854 5.106 5.9266 7.2031 9.209 13.403 18.783 6.5058e+278 NaN 10.203 1 10.43 0.99509 0.84003 0.89704 -0.001278 -0.0086695 -0.023974 -0.030662 -0.030618 -0.027027 -0.018453 0.0089014 0.092248 0.23319 0.35844 0.44885 0.53772 0.65622 0.79771 0.9454 0.99273
cl_mt_coh 3.0244 3.2813 1.085 -19.968 50.122 0 0.10741 0.89259 4.0629e-28 5.3343e-12 -3.3811 -1.841 -0.62606 -0.065316 0.14786 0.40197 0.65995 1.2431 2.1777 3.4637 4.5141 5.3104 6.1964 7.5048 9.5385 13.86 19.374 7.2568e+278 NaN 10.43 0.99509 10.767 1 0.83542 0.86842 -0.0012727 -0.0084789 -0.022638 -0.027488 -0.026407 -0.020143 -0.012451 0.019852 0.10583 0.24048 0.37168 0.45261 0.54837 0.66462 0.79969 0.94694 0.99295
cl_mt_pol_c 1.3457 0.29317 0.21786 1e-300 4.498 0 0 1 2.0924e-24 1.1002e-12 0.54516 0.70289 0.83269 0.94913 1.0045 1.0946 1.168 1.2289 1.3474 1.4728 1.5166 1.6145 1.646 1.6883 1.8286 2.0368 2.2751 5.5809e+277 NaN 0.84003 0.89704 0.83542 0.86842 0.085951 1 0.00035581 0.0047664 0.028038 0.061701 0.09784 0.13989 0.17885 0.26983 0.41528 0.57145 0.68188 0.74008 0.80066 0.86222 0.92803 0.98426 0.99826
Simulate Model with Discount High
close all for fl_crra = ar_fl_crra disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp(['fl_beta = ' num2str(ar_fl_beta(3))]); disp(['fl_crra = ' num2str(fl_crra)]); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp(''); disp(''); disp(''); disp(''); % Call Default Parameters <https://fanwangecon.github.io/CodeDynaAsset/m_az/paramfunc/html/ffs_abz_set_default_param.html ffs_abz_set_default_param> bl_input_override = true; it_param_set = 9; [param_map, support_map] = ffs_abz_set_default_param(it_param_set); % Preference param_map('fl_beta') = ar_fl_beta(3); param_map('fl_crra') = fl_crra; % Borrowing Parameters param_map('bl_default') = bl_default; param_map('fl_c_min') = fl_c_min; param_map('fl_b_bd') = fl_b_bd; % Display Parameters support_map('bl_display') = false; support_map('bl_display_final') = false; support_map('bl_time') = true; support_map('bl_profile') = false; for it_accuracy = 1:length(ar_it_a_n_hg) % Accuracy Regular param_map('it_a_n') = ar_it_a_n_hg(it_accuracy); it_z_n = param_map('it_z_n'); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); disp(['it_a_n = ' num2str(ar_it_a_n_hg(it_accuracy)) ', it_z_n = ' it_z_n]); disp('xxxxxxxxxxxxxxxxxxxxxxxxxxx'); % Call Grid Generator <https://fanwangecon.github.io/CodeDynaAsset/m_az/paramfunc/html/ffs_abz_get_funcgrid.html ffs_abz_get_funcgrid> [armt_map, func_map] = ffs_abz_get_funcgrid(param_map, support_map, bl_input_override); % Call Dynamic Programming Problem <https://fanwangecon.github.io/CodeDynaAsset/m_az/solve/html/ff_abz_vf_vecsv.html ff_abz_vf_vecsv> result_map = ff_abz_vf_vecsv(param_map, support_map, armt_map, func_map); % Call Distribution CProgram result_map = ff_az_ds_vecsv(param_map, support_map, armt_map, func_map, result_map, bl_input_override); end % Snap snapnow; end % close all close all; clear all;
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
fl_beta = 0.98
fl_crra = 1
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
it_a_n = 750, it_z_n = 7
xxxxxxxxxxxxxxxxxxxxxxxxxxx
Elapsed time is 35.766291 seconds.
Elapsed time is 3.545105 seconds.
mean sd coefofvar min max pYis0 pYls0 pYgr0 pYisMINY pYisMAXY p0_1 p1 p5 p10 p15 p20 p25 p35 p50 p65 p75 p80 p85 p90 p95 p99 p99_9 fl_cov_cl_mt_val fl_cor_cl_mt_val fl_cov_cl_mt_pol_a fl_cor_cl_mt_pol_a fl_cov_cl_mt_coh fl_cor_cl_mt_coh fl_cov_cl_mt_pol_c fl_cor_cl_mt_pol_c fracByP0_1 fracByP1 fracByP5 fracByP10 fracByP15 fracByP20 fracByP25 fracByP35 fracByP50 fracByP65 fracByP75 fracByP80 fracByP85 fracByP90 fracByP95 fracByP99 fracByP99_9
______ _______ _________ _______ ______ __________ __________ _____ __________ _________ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ________________ ________________ __________________ __________________ ________________ ________________ __________________ __________________ __________ _________ ________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ ___________
cl_mt_val 44.31 1.4223 0.032098 -682.31 47.664 0 8.3338e-25 1 3.0336e-34 0.0028494 38.538 40.426 41.762 42.427 42.837 43.166 43.455 43.91 44.45 44.955 45.354 45.551 45.606 46.078 46.498 47.145 47.664 2.0228 1 2.5833 0.89557 2.5061 0.84757 0.42399 0.8474 0.00086418 0.0090032 0.046408 0.094753 0.14194 0.1907 0.241 0.33999 0.491 0.63884 0.74586 0.79194 0.84509 0.89528 0.94796 0.99605 1
cl_mt_pol_a 46.785 2.0281 0.04335 -19.512 48.78 5.7854e-16 5.4214e-16 1 7.4542e-35 0.13379 36.836 40.301 42.854 43.857 44.677 45.225 45.68 46.501 47.322 48.051 48.416 48.598 48.689 48.78 48.78 48.78 48.78 2.5833 0.89557 4.1133 1 4.1891 0.99354 0.46651 0.65384 0.00077541 0.0084364 0.046496 0.091493 0.14372 0.18965 0.23552 0.33589 0.48889 0.637 0.75101 0.81261 0.8605 1 1 1 1
cl_mt_coh 48.066 2.0789 0.043251 -19.968 50.122 0 3.0021e-16 1 1.9653e-35 0.086516 37.879 41.43 44.024 45.075 45.894 46.477 46.944 47.785 48.626 49.374 49.748 49.935 50.028 50.099 50.122 50.122 50.122 2.5061 0.84757 4.1891 0.99354 4.3218 1 0.45403 0.62081 0.00077598 0.0084404 0.044316 0.091516 0.13946 0.18968 0.23556 0.33593 0.48892 0.63703 0.75103 0.81262 0.86052 0.90978 1 1 1
cl_mt_pol_c 2.4496 0.35179 0.14361 1e-300 4.498 0 0 1 2.6011e-33 0.0028494 1.8845 1.979 2.0609 2.1433 2.191 2.2142 2.2343 2.265 2.3755 2.4715 2.5196 2.6176 2.6926 2.9253 3.041 3.9037 4.498 0.42399 0.8474 0.46651 0.65384 0.45403 0.62081 0.12376 1 0.00074956 0.0079435 0.041136 0.083871 0.12954 0.17331 0.21862 0.31239 0.45539 0.60205 0.70323 0.75553 0.8249 0.87179 0.92742 0.99398 1
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
fl_beta = 0.98
fl_crra = 1.5
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
it_a_n = 750, it_z_n = 7
xxxxxxxxxxxxxxxxxxxxxxxxxxx
Elapsed time is 45.547299 seconds.
Elapsed time is 3.841738 seconds.
mean sd coefofvar min max pYis0 pYls0 pYgr0 pYisMINY pYisMAXY p0_1 p1 p5 p10 p15 p20 p25 p35 p50 p65 p75 p80 p85 p90 p95 p99 p99_9 fl_cov_cl_mt_val fl_cor_cl_mt_val fl_cov_cl_mt_pol_a fl_cor_cl_mt_pol_a fl_cov_cl_mt_coh fl_cor_cl_mt_coh fl_cov_cl_mt_pol_c fl_cor_cl_mt_pol_c fracByP0_1 fracByP1 fracByP5 fracByP10 fracByP15 fracByP20 fracByP25 fracByP35 fracByP50 fracByP65 fracByP75 fracByP80 fracByP85 fracByP90 fracByP95 fracByP99 fracByP99_9
____________ ___________ ___________ _______ ______ __________ __________ _____ ___________ _________ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ________________ ________________ __________________ __________________ ________________ ________________ __________________ __________________ __________ _________ ________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ ___________
cl_mt_val -1.2576e+118 1.2899e+134 -1.0257e+16 -2e+150 37.682 0 9.24e-15 1 -1.8877e-34 0.0024153 29.848 31.819 33.241 33.887 34.274 34.563 34.773 35.131 35.574 35.953 36.199 36.357 36.506 36.724 36.89 37.4 37.682 1.6638e+268 1 7.7858e+119 2.0902e-15 7.9783e+119 2.0896e-15 2.9891e+118 6.9448e-16 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
cl_mt_pol_a 45.834 2.8879 0.063007 -19.512 48.78 5.3964e-11 1.1253e-10 1 -5.9003e-35 0.10676 31.548 36.289 40.119 41.851 42.945 43.857 44.495 45.407 46.592 47.595 48.142 48.416 48.598 48.78 48.78 48.78 48.78 7.7858e+119 2.0902e-15 8.3398 1 8.5125 0.99579 0.64916 0.67364 0.00064768 0.0076391 0.042285 0.086615 0.13295 0.18555 0.23368 0.33372 0.48716 0.64166 0.75106 0.80857 0.84913 1 1 1 1
cl_mt_coh 47.091 2.9601 0.062859 -19.968 50.122 0 8.9103e-11 1 -1.0829e-34 0.069039 32.458 37.318 41.221 43.019 44.14 45.03 45.707 46.641 47.856 48.907 49.445 49.703 49.935 50.077 50.122 50.122 50.122 7.9783e+119 2.0896e-15 8.5125 0.99579 8.7623 1 0.6405 0.64844 0.00064852 0.0076452 0.041231 0.086649 0.13299 0.18016 0.22884 0.32751 0.47936 0.64171 0.73906 0.78896 0.84915 0.89714 1 1 1
cl_mt_pol_c 2.4259 0.33369 0.13756 1e-300 4.498 0 0 1 -1.8877e-34 0.0024153 1.7994 1.9459 2.0751 2.1293 2.1604 2.1865 2.2091 2.2963 2.3595 2.4579 2.5122 2.5878 2.6904 2.7356 3.0188 3.9037 4.498 2.9891e+118 6.9448e-16 0.64916 0.67364 0.6405 0.64844 0.11135 1 0.00072079 0.0077847 0.041101 0.084528 0.1289 0.17369 0.21991 0.31193 0.45564 0.60419 0.70982 0.76227 0.81733 0.86826 0.93617 0.99471 1
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
fl_beta = 0.98
fl_crra = 2
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxx
it_a_n = 750, it_z_n = 7
xxxxxxxxxxxxxxxxxxxxxxxxxxx
Elapsed time is 35.940320 seconds.
Elapsed time is 3.433900 seconds.
mean sd coefofvar min max pYis0 pYls0 pYgr0 pYisMINY pYisMAXY p0_1 p1 p5 p10 p15 p20 p25 p35 p50 p65 p75 p80 p85 p90 p95 p99 p99_9 fl_cov_cl_mt_val fl_cor_cl_mt_val fl_cov_cl_mt_pol_a fl_cor_cl_mt_pol_a fl_cov_cl_mt_coh fl_cor_cl_mt_coh fl_cov_cl_mt_pol_c fl_cor_cl_mt_pol_c fracByP0_1 fracByP1 fracByP5 fracByP10 fracByP15 fracByP20 fracByP25 fracByP35 fracByP50 fracByP65 fracByP75 fracByP80 fracByP85 fracByP90 fracByP95 fracByP99 fracByP99_9
___________ _______ _________ _______ ______ __________ __________ _____ ___________ _________ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ________________ ________________ __________________ __________________ ________________ ________________ __________________ __________________ __________ _________ ________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ _________ ___________
cl_mt_val -8.492e+267 NaN NaN -1e+300 30.417 0 4.8868e-11 1 -1.031e-33 0.0021594 23.811 25.982 27.27 27.768 28.06 28.272 28.445 28.722 29.043 29.331 29.515 29.576 29.714 29.822 29.918 30.262 30.417 NaN NaN 5.3422e+269 NaN 5.3187e+269 NaN 2.0003e+268 NaN 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
cl_mt_pol_a 45.132 3.4722 0.076934 -19.512 48.78 7.4875e-09 1.4092e-08 1 -1.5081e-34 0.09263 26.533 33.554 38.477 40.574 41.851 42.672 43.31 44.495 45.954 47.23 47.869 48.142 48.507 48.689 48.78 48.78 48.78 5.3422e+269 NaN 12.056 1 12.316 0.99666 0.78604 0.69707 0.00052174 0.006796 0.039852 0.085379 0.1329 0.17631 0.22641 0.32265 0.47513 0.63719 0.74194 0.78932 0.85021 0.89988 1 1 1
cl_mt_coh 46.372 3.559 0.07675 -19.968 50.122 0 1.1123e-08 1 -1.4396e-34 0.0599 27.318 34.514 39.561 41.688 42.952 43.86 44.514 45.729 47.224 48.51 49.165 49.467 49.819 50.028 50.122 50.122 50.122 5.3187e+269 NaN 12.316 0.99666 12.667 1 0.78095 0.67566 0.00052289 0.0068038 0.039878 0.083643 0.12892 0.17637 0.22648 0.32272 0.4752 0.62763 0.73277 0.78936 0.83951 0.8999 1 1 1
cl_mt_pol_c 2.4083 0.32476 0.13485 1e-300 4.498 0 0 1 -1.031e-33 0.0021594 1.7447 1.9202 2.0433 2.1009 2.139 2.1726 2.2195 2.2913 2.3458 2.4465 2.5008 2.5718 2.6216 2.7247 3.0188 3.8103 4.498 2.0003e+268 NaN 0.78604 0.69707 0.78095 0.67566 0.10547 1 0.00069445 0.0077002 0.04099 0.084346 0.12802 0.1731 0.21852 0.31379 0.45701 0.60505 0.70989 0.76001 0.81363 0.87017 0.94278 0.98347 1