Test Borrowing with Default (Small Grid, For + Inf + Borr + Save DP)
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Testing the ff_abz_fibs_vf_vecsv program for solving the savings and borrowing dynamic programming problem.
Test the model by adjusting (1) borrowing bound (2) if default is allowed (3) when default is allowed adjusting the level of minimum consumption given default.
Here tabular solutions are printed out for small grid solution.
@seealso
- BORROW: borrow and default small grid testing: ff_abz_fibs_vf_vecsv_default_small
- BORROW: borrow and default large grid testing: ff_abz_fibs_vf_vecsv_default_large
- PRECISION: borr + save quick vs benchmark testing: fsi_abz_fibs_vf_vecsv_main
- PRECISION: borr + save asset grid count testing: fsi_abz_fibs_vf_vecsv_a_n
- PRECISION: borr + save shock grid count testing: fsi_abz_fibs_vf_vecsv_z_n
Contents
- Set Shared Parameters
- Simulate Savinags only
- Simulate Save/Borrow No Default
- Save/Borrow, Can Default, No Bridge: cmin = 0.00001, choose not to default
- Save/Borrow, Can Default, No Bridge: cmin = 1, degenerate, borrow to max
- Save/Borrow, Can Default, No Bridge: cmin = 0.001, default takes place
- Save/Borrow, Can Default, Yes Bridge: cmin = 0.001, default takes place
- Save/Borrow, Can Default, No Bridge, No Rollover: cmin = 0.001, default takes place
Set Shared Parameters
close all; it_param_set = 1; % Shared parameters fl_a_max = 50; it_a_n = 60; fl_r_save = 0.025; % 10 percent savings interest rate fl_r_borr = 0.035; fl_w = 1; it_maxiter_val = 1000; it_z_n = 7; % Display Etc. bl_display = false; bl_post = true; bl_display_final = true;
Simulate Savinags only
default not allowed and borrowing bound = 0
[param_map, support_map] = ffs_abz_fibs_set_default_param(it_param_set); % control saving, borrowing, default param_map('fl_b_bd') = 0; param_map('bl_default') = false; % shared parameters param_map('fl_a_min') = 0; param_map('fl_a_max') = fl_a_max; param_map('it_a_n') = it_a_n; param_map('fl_r_save') = fl_r_save; param_map('fl_r_borr') = fl_r_borr; param_map('fl_w') = fl_w; % solution param_map('it_z_n') = it_z_n; param_map('it_maxiter_val') = it_maxiter_val; % Display Parameters support_map('bl_display') = bl_display; support_map('bl_post') = bl_post; support_map('bl_display_final') = bl_display_final; % Call Program ff_abz_fibs_vf_vecsv(param_map, support_map);
Elapsed time is 0.109215 seconds.
valgap = norm(mt_val - mt_val_cur): value function difference across iterations
polgap = norm(mt_pol_a - mt_pol_a_cur): policy function difference across iterations
z1 = z1 perc change: sum((mt_pol_a ~= mt_pol_a_cur))/(it_a_n): percentage of state space points conditional on shock where the policy function is changing across iterations
valgap polgap z1 z2 z3 z4 z5 z6 z7
__________ _______ ________ ________ ________ ________ ________ ________ ________
iter=1 31.351 20.494 1 1 1 1 1 1 1
iter=2 23.57 296.54 0.96667 0.96667 0.96667 0.98333 0.98333 0.98333 0.98333
iter=3 19.14 98.476 0.93333 0.93333 0.93333 0.93333 0.95 0.95 0.95
iter=4 15.953 49.545 0.88333 0.88333 0.88333 0.88333 0.9 0.9 0.95
iter=5 13.493 30.246 0.81667 0.81667 0.81667 0.85 0.81667 0.83333 0.88333
iter=6 11.522 20.491 0.73333 0.73333 0.73333 0.73333 0.75 0.75 0.8
iter=7 9.9069 14.64 0.63333 0.63333 0.63333 0.63333 0.63333 0.65 0.71667
iter=8 8.5608 11.25 0.51667 0.51667 0.51667 0.51667 0.51667 0.53333 0.58333
iter=9 7.4252 9.2522 0.4 0.4 0.4 0.41667 0.35 0.41667 0.48333
iter=10 6.4598 8.1694 0.33333 0.33333 0.33333 0.33333 0.33333 0.35 0.35
iter=11 5.6332 6.8285 0.23333 0.25 0.25 0.25 0.26667 0.25 0.31667
iter=12 4.9178 6.4995 0.2 0.23333 0.23333 0.23333 0.16667 0.25 0.23333
iter=13 4.3016 5.1325 0.15 0.15 0.16667 0.16667 0.18333 0.16667 0.21667
iter=14 3.7666 4.6766 0.1 0.13333 0.16667 0.16667 0.16667 0.16667 0.16667
iter=15 3.2946 4.1589 0.11667 0.11667 0.15 0.15 0.1 0.15 0.11667
iter=16 2.8881 2.9272 0.1 0.1 0.083333 0.1 0.11667 0.1 0.15
iter=17 2.5329 2.9905 0.066667 0.083333 0.1 0.1 0.083333 0.1 0.13333
iter=18 2.218 2.4544 0.05 0.05 0.066667 0.1 0.1 0.083333 0.066667
iter=19 1.9405 2.2143 0.066667 0.066667 0.066667 0.1 0.066667 0.066667 0.083333
iter=20 1.6976 2.0758 0.05 0.033333 0.066667 0.083333 0.033333 0.066667 0.066667
iter=21 1.4868 2.3273 0.033333 0.05 0.066667 0.05 0.066667 0.083333 0.05
iter=22 1.3024 2.1675 0.033333 0.05 0.05 0.05 0.033333 0.066667 0.05
iter=23 1.1375 1.9986 0.05 0.033333 0.033333 0.05 0.05 0.016667 0.066667
iter=24 0.99113 1.895 0.05 0.05 0.016667 0.033333 0.033333 0.033333 0.05
iter=25 0.86253 1.612 0.033333 0.016667 0.016667 0.033333 0.05 0.016667 0.05
iter=26 0.75044 1.6949 0.016667 0.016667 0.033333 0.033333 0.05 0.033333 0.033333
iter=27 0.65303 1.3712 0.033333 0.016667 0 0.033333 0.033333 0.016667 0.016667
iter=28 0.56868 1.4678 0.016667 0.016667 0.016667 0.033333 0.05 0.033333 0.033333
iter=29 0.49533 1.1985 0.016667 0.016667 0.016667 0.016667 0.016667 0.016667 0.016667
iter=30 0.43154 1.1985 0 0.016667 0.016667 0.033333 0 0.016667 0.016667
iter=31 0.3763 1.1985 0.016667 0 0.016667 0.016667 0.016667 0.033333 0
iter=32 0.32827 1.1985 0.016667 0.016667 0.033333 0 0.016667 0.016667 0.016667
iter=33 0.28641 1.1985 0 0.016667 0 0.033333 0 0.016667 0.016667
iter=34 0.25013 1.1985 0.016667 0.016667 0.016667 0.016667 0.016667 0 0.033333
iter=35 0.21901 0.84746 0.016667 0.016667 0.016667 0.016667 0 0.016667 0
iter=36 0.19276 0.84746 0 0.016667 0.016667 0.016667 0.016667 0.016667 0.016667
iter=37 0.17109 0.84746 0.016667 0 0 0 0.016667 0.016667 0
iter=38 0.15357 0.84746 0 0.016667 0.016667 0.016667 0.016667 0 0.016667
iter=39 0.13977 1.1985 0 0 0 0.016667 0 0.033333 0
iter=40 0.129 0.84746 0 0.016667 0.016667 0 0 0.016667 0.016667
iter=41 0.12058 0.84746 0.016667 0 0 0 0.016667 0 0
iter=42 0.11387 0.84746 0 0 0.016667 0 0 0.016667 0.016667
iter=43 0.10839 0 0 0 0 0 0 0 0
iter=44 0.1037 0.84746 0 0.016667 0 0 0 0.016667 0
iter=45 0.099476 0.84746 0 0 0.016667 0 0 0 0.016667
iter=46 0.095528 0 0 0 0 0 0 0 0
iter=47 0.091731 0.84746 0 0 0 0 0.016667 0.016667 0
iter=48 0.08802 0.84746 0.016667 0 0 0 0 0 0
iter=49 0.084361 0 0 0 0 0 0 0 0
iter=50 0.080748 0.84746 0 0 0.016667 0 0 0 0.016667
iter=150 0.0002041 0 0 0 0 0 0 0 0
iter=151 0.00019186 0 0 0 0 0 0 0 0
iter=152 0.00018035 0 0 0 0 0 0 0 0
iter=153 0.00016953 0 0 0 0 0 0 0 0
iter=154 0.00015936 0 0 0 0 0 0 0 0
iter=155 0.00014979 0 0 0 0 0 0 0 0
iter=156 0.00014081 0 0 0 0 0 0 0 0
iter=157 0.00013236 0 0 0 0 0 0 0 0
iter=158 0.00012442 0 0 0 0 0 0 0 0
iter=159 0.00011695 0 0 0 0 0 0 0 0
iter=160 0.00010994 0 0 0 0 0 0 0 0
iter=161 0.00010334 0 0 0 0 0 0 0 0
iter=162 9.7141e-05 0 0 0 0 0 0 0 0
iter=163 9.1313e-05 0 0 0 0 0 0 0 0
iter=164 8.5835e-05 0 0 0 0 0 0 0 0
iter=165 8.0685e-05 0 0 0 0 0 0 0 0
iter=166 7.5844e-05 0 0 0 0 0 0 0 0
iter=167 7.1293e-05 0 0 0 0 0 0 0 0
iter=168 6.7016e-05 0 0 0 0 0 0 0 0
iter=169 6.2995e-05 0 0 0 0 0 0 0 0
iter=170 5.9215e-05 0 0 0 0 0 0 0 0
iter=171 5.5663e-05 0 0 0 0 0 0 0 0
iter=172 5.2323e-05 0 0 0 0 0 0 0 0
iter=173 4.9184e-05 0 0 0 0 0 0 0 0
iter=174 4.6233e-05 0 0 0 0 0 0 0 0
iter=175 4.3459e-05 0 0 0 0 0 0 0 0
iter=176 4.0851e-05 0 0 0 0 0 0 0 0
iter=177 3.84e-05 0 0 0 0 0 0 0 0
iter=178 3.6096e-05 0 0 0 0 0 0 0 0
iter=179 3.3931e-05 0 0 0 0 0 0 0 0
iter=180 3.1895e-05 0 0 0 0 0 0 0 0
iter=181 2.9981e-05 0 0 0 0 0 0 0 0
iter=182 2.8182e-05 0 0 0 0 0 0 0 0
iter=183 2.6491e-05 0 0 0 0 0 0 0 0
iter=184 2.4902e-05 0 0 0 0 0 0 0 0
iter=185 2.3408e-05 0 0 0 0 0 0 0 0
iter=186 2.2003e-05 0 0 0 0 0 0 0 0
iter=187 2.0683e-05 0 0 0 0 0 0 0 0
iter=188 1.9442e-05 0 0 0 0 0 0 0 0
iter=189 1.8276e-05 0 0 0 0 0 0 0 0
iter=190 1.7179e-05 0 0 0 0 0 0 0 0
iter=191 1.6148e-05 0 0 0 0 0 0 0 0
iter=192 1.5179e-05 0 0 0 0 0 0 0 0
iter=193 1.4269e-05 0 0 0 0 0 0 0 0
iter=194 1.3413e-05 0 0 0 0 0 0 0 0
iter=195 1.2608e-05 0 0 0 0 0 0 0 0
iter=196 1.1851e-05 0 0 0 0 0 0 0 0
iter=197 1.114e-05 0 0 0 0 0 0 0 0
iter=198 1.0472e-05 0 0 0 0 0 0 0 0
iter=199 9.8435e-06 0 0 0 0 0 0 0 0
tb_val: V(a,z) value at each state space point
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=0 -6.4598 -4.732 -3.1015 -1.6229 -0.28315 0.94861 2.2833
a2=0.847458 -4.8816 -3.581 -2.2814 -0.9685 0.28534 1.4582 2.7206
a3=1.69492 -3.6306 -2.5989 -1.51 -0.35193 0.82233 1.9399 3.1332
a4=2.54237 -2.5959 -1.7367 -0.79557 0.22285 1.3248 2.3921 3.525
a5=3.38983 -1.7095 -0.96723 -0.13773 0.7569 1.794 2.8163 3.9035
a6=4.23729 -0.93105 -0.27353 0.46715 1.2752 2.2482 3.227 4.2676
a7=5.08475 -0.23587 0.35713 1.0302 1.7749 2.6859 3.6228 4.6164
a8=5.9322 0.39284 0.93636 1.558 2.253 3.105 4.0022 4.95
a9=6.77966 0.96777 1.4731 2.0545 2.7085 3.505 4.3647 5.2688
a10=7.62712 1.4986 1.9738 2.5229 3.1416 3.8863 4.7107 5.5736
a11=8.47458 1.9924 2.4433 2.9653 3.5531 4.2496 5.0409 5.8655
a12=9.32203 2.4545 2.8851 3.3839 3.944 4.5958 5.3562 6.1457
a13=10.1695 2.889 3.3021 3.7804 4.3155 4.9259 5.6576 6.4163
a14=11.0169 3.2989 3.6965 4.1566 4.6687 5.2409 5.9462 6.6803
a15=11.8644 3.6867 4.0705 4.5139 5.0049 5.55 6.2285 6.9367
a16=12.7119 4.0543 4.4256 4.8537 5.3267 5.851 6.5031 7.1851
a17=13.5593 4.4036 4.7633 5.1778 5.6355 6.1426 6.7691 7.4255
a18=14.4068 4.7361 5.0852 5.4877 5.9321 6.4242 7.0262 7.6579
a19=15.2542 5.0579 5.3928 5.7845 6.2172 6.6958 7.2745 7.8831
a20=16.1017 5.3697 5.6874 6.0692 6.4913 6.9577 7.5144 8.102
a21=16.9492 5.6695 5.9703 6.3426 6.7551 7.2102 7.7462 8.3163
a22=17.7966 5.9583 6.2471 6.6056 7.0091 7.4535 7.9703 8.5266
a23=18.6441 6.2359 6.5149 6.8592 7.2538 7.6883 8.1868 8.7299
a24=19.4915 6.5054 6.7748 7.1041 7.4899 7.9148 8.396 8.9265
a25=20.339 6.7656 7.026 7.3407 7.7177 8.1335 8.5983 9.1166
a26=21.1864 7.0181 7.2694 7.5708 7.9379 8.3448 8.7939 9.3007
a27=22.0339 7.2621 7.5046 7.7965 8.151 8.549 8.9834 9.479
a28=22.8814 7.4988 7.7329 8.0156 8.3579 8.7468 9.1687 9.6533
a29=23.7288 7.728 7.9549 8.2293 8.5587 8.9387 9.3512 9.8247
a30=24.5763 7.9504 8.1705 8.4368 8.754 9.1254 9.5297 9.9923
a31=25.4237 8.1664 8.3804 8.6389 8.9439 9.3071 9.704 10.156
a32=26.2712 8.3761 8.5843 8.8353 9.1288 9.4841 9.8739 10.316
a33=27.1186 8.5802 8.7829 9.0265 9.3097 9.6566 10.04 10.471
a34=27.9661 8.7785 8.9759 9.2126 9.4877 9.8249 10.201 10.623
a35=28.8136 8.9717 9.1639 9.394 9.6616 9.9896 10.359 10.772
a36=29.661 9.1594 9.3469 9.5711 9.8321 10.151 10.513 10.917
a37=30.5085 9.3424 9.5253 9.744 9.9986 10.308 10.664 11.059
a38=31.3559 9.5205 9.6992 9.9129 10.162 10.463 10.811 11.198
a39=32.2034 9.6943 9.8689 10.078 10.321 10.614 10.956 11.335
a40=33.0508 9.8635 10.035 10.239 10.477 10.762 11.097 11.468
a41=33.8983 10.029 10.196 10.397 10.63 10.906 11.236 11.599
a42=34.7458 10.19 10.354 10.551 10.779 11.048 11.372 11.727
a43=35.5932 10.348 10.509 10.702 10.925 11.187 11.505 11.853
a44=36.4407 10.501 10.66 10.849 11.068 11.323 11.635 11.976
a45=37.2881 10.652 10.807 10.993 11.208 11.457 11.762 12.097
a46=38.1356 10.799 10.952 11.135 11.345 11.589 11.888 12.216
a47=38.9831 10.942 11.093 11.273 11.48 11.718 12.011 12.333
a48=39.8305 11.083 11.231 11.408 11.612 11.846 12.132 12.448
a49=40.678 11.221 11.367 11.541 11.741 11.971 12.252 12.561
a50=41.5254 11.356 11.499 11.67 11.867 12.094 12.369 12.672
a51=42.3729 11.49 11.629 11.798 11.992 12.215 12.484 12.781
a52=43.2203 11.621 11.756 11.922 12.114 12.333 12.597 12.889
a53=44.0678 11.749 11.881 12.045 12.233 12.45 12.709 12.995
a54=44.9153 11.875 12.004 12.165 12.351 12.564 12.818 13.1
a55=45.7627 11.999 12.126 12.282 12.466 12.677 12.926 13.203
a56=46.6102 12.12 12.244 12.398 12.579 12.787 13.031 13.305
a57=47.4576 12.239 12.362 12.512 12.69 12.896 13.135 13.405
a58=48.3051 12.356 12.477 12.623 12.8 13.002 13.237 13.504
a59=49.1525 12.472 12.59 12.733 12.907 13.107 13.338 13.601
a60=50 12.585 12.701 12.841 13.012 13.21 13.437 13.696
tb_pol_a: optimal asset choice for each state space point
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=0 0 0 0 0 0 0 0.84746
a2=0.847458 0 0 0 0.84746 0.84746 0.84746 1.6949
a3=1.69492 0.84746 0.84746 0.84746 1.6949 1.6949 1.6949 2.5424
a4=2.54237 1.6949 1.6949 1.6949 2.5424 2.5424 2.5424 3.3898
a5=3.38983 2.5424 2.5424 2.5424 3.3898 3.3898 3.3898 4.2373
a6=4.23729 3.3898 3.3898 3.3898 3.3898 4.2373 4.2373 5.0847
a7=5.08475 4.2373 4.2373 4.2373 4.2373 5.0847 5.0847 5.9322
a8=5.9322 5.0847 5.0847 5.0847 5.0847 5.9322 5.9322 6.7797
a9=6.77966 5.9322 5.9322 5.9322 5.9322 6.7797 6.7797 7.6271
a10=7.62712 6.7797 6.7797 6.7797 6.7797 7.6271 7.6271 8.4746
a11=8.47458 7.6271 7.6271 7.6271 7.6271 8.4746 8.4746 9.322
a12=9.32203 8.4746 8.4746 8.4746 8.4746 9.322 9.322 10.169
a13=10.1695 9.322 9.322 9.322 9.322 10.169 10.169 11.017
a14=11.0169 10.169 10.169 10.169 10.169 11.017 11.017 11.864
a15=11.8644 11.017 11.017 11.017 11.017 11.017 11.864 12.712
a16=12.7119 11.864 11.864 11.864 11.864 11.864 12.712 13.559
a17=13.5593 12.712 12.712 12.712 12.712 12.712 13.559 14.407
a18=14.4068 13.559 13.559 13.559 13.559 13.559 14.407 15.254
a19=15.2542 13.559 14.407 14.407 14.407 14.407 15.254 16.102
a20=16.1017 14.407 15.254 15.254 15.254 15.254 16.102 16.949
a21=16.9492 15.254 16.102 16.102 16.102 16.102 16.949 16.949
a22=17.7966 16.102 16.102 16.949 16.949 16.949 17.797 17.797
a23=18.6441 16.949 16.949 17.797 17.797 17.797 18.644 18.644
a24=19.4915 17.797 17.797 18.644 18.644 18.644 19.492 19.492
a25=20.339 18.644 18.644 19.492 19.492 19.492 20.339 20.339
a26=21.1864 19.492 19.492 19.492 20.339 20.339 21.186 21.186
a27=22.0339 20.339 20.339 20.339 21.186 21.186 22.034 22.034
a28=22.8814 21.186 21.186 21.186 22.034 22.034 22.034 22.881
a29=23.7288 22.034 22.034 22.034 22.881 22.881 22.881 23.729
a30=24.5763 22.881 22.881 22.881 23.729 23.729 23.729 24.576
a31=25.4237 23.729 23.729 23.729 24.576 24.576 24.576 25.424
a32=26.2712 24.576 24.576 24.576 25.424 25.424 25.424 26.271
a33=27.1186 25.424 25.424 25.424 25.424 26.271 26.271 27.119
a34=27.9661 26.271 26.271 26.271 26.271 27.119 27.119 27.966
a35=28.8136 27.119 27.119 27.119 27.119 27.966 27.966 28.814
a36=29.661 27.966 27.966 27.966 27.966 28.814 28.814 29.661
a37=30.5085 28.814 28.814 28.814 28.814 29.661 29.661 30.508
a38=31.3559 29.661 29.661 29.661 29.661 30.508 30.508 31.356
a39=32.2034 30.508 30.508 30.508 30.508 31.356 31.356 32.203
a40=33.0508 31.356 31.356 31.356 31.356 32.203 32.203 33.051
a41=33.8983 32.203 32.203 32.203 32.203 33.051 33.051 33.898
a42=34.7458 33.051 33.051 33.051 33.051 33.898 33.898 34.746
a43=35.5932 33.898 33.898 33.898 33.898 34.746 34.746 35.593
a44=36.4407 34.746 34.746 34.746 34.746 35.593 35.593 36.441
a45=37.2881 35.593 35.593 35.593 35.593 35.593 36.441 37.288
a46=38.1356 36.441 36.441 36.441 36.441 36.441 37.288 38.136
a47=38.9831 37.288 37.288 37.288 37.288 37.288 38.136 38.983
a48=39.8305 38.136 38.136 38.136 38.136 38.136 38.983 39.831
a49=40.678 38.983 38.983 38.983 38.983 38.983 39.831 40.678
a50=41.5254 38.983 39.831 39.831 39.831 39.831 40.678 41.525
a51=42.3729 39.831 40.678 40.678 40.678 40.678 41.525 42.373
a52=43.2203 40.678 41.525 41.525 41.525 41.525 42.373 43.22
a53=44.0678 41.525 42.373 42.373 42.373 42.373 43.22 43.22
a54=44.9153 42.373 42.373 43.22 43.22 43.22 44.068 44.068
a55=45.7627 43.22 43.22 44.068 44.068 44.068 44.915 44.915
a56=46.6102 44.068 44.068 44.915 44.915 44.915 45.763 45.763
a57=47.4576 44.915 44.915 45.763 45.763 45.763 46.61 46.61
a58=48.3051 45.763 45.763 46.61 46.61 46.61 47.458 47.458
a59=49.1525 46.61 46.61 46.61 47.458 47.458 48.305 48.305
a60=50 47.458 47.458 47.458 48.305 48.305 49.153 49.153
mt_pol_b_bridge_print: bridge loans
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=0 0 0 0 0 0 0 0
a2=0.847458 0 0 0 0 0 0 0
a3=1.69492 0 0 0 0 0 0 0
a4=2.54237 0 0 0 0 0 0 0
a5=3.38983 0 0 0 0 0 0 0
a6=4.23729 0 0 0 0 0 0 0
a7=5.08475 0 0 0 0 0 0 0
a8=5.9322 0 0 0 0 0 0 0
a9=6.77966 0 0 0 0 0 0 0
a10=7.62712 0 0 0 0 0 0 0
a11=8.47458 0 0 0 0 0 0 0
a12=9.32203 0 0 0 0 0 0 0
a13=10.1695 0 0 0 0 0 0 0
a14=11.0169 0 0 0 0 0 0 0
a15=11.8644 0 0 0 0 0 0 0
a16=12.7119 0 0 0 0 0 0 0
a17=13.5593 0 0 0 0 0 0 0
a18=14.4068 0 0 0 0 0 0 0
a19=15.2542 0 0 0 0 0 0 0
a20=16.1017 0 0 0 0 0 0 0
a21=16.9492 0 0 0 0 0 0 0
a22=17.7966 0 0 0 0 0 0 0
a23=18.6441 0 0 0 0 0 0 0
a24=19.4915 0 0 0 0 0 0 0
a25=20.339 0 0 0 0 0 0 0
a26=21.1864 0 0 0 0 0 0 0
a27=22.0339 0 0 0 0 0 0 0
a28=22.8814 0 0 0 0 0 0 0
a29=23.7288 0 0 0 0 0 0 0
a30=24.5763 0 0 0 0 0 0 0
a31=25.4237 0 0 0 0 0 0 0
a32=26.2712 0 0 0 0 0 0 0
a33=27.1186 0 0 0 0 0 0 0
a34=27.9661 0 0 0 0 0 0 0
a35=28.8136 0 0 0 0 0 0 0
a36=29.661 0 0 0 0 0 0 0
a37=30.5085 0 0 0 0 0 0 0
a38=31.3559 0 0 0 0 0 0 0
a39=32.2034 0 0 0 0 0 0 0
a40=33.0508 0 0 0 0 0 0 0
a41=33.8983 0 0 0 0 0 0 0
a42=34.7458 0 0 0 0 0 0 0
a43=35.5932 0 0 0 0 0 0 0
a44=36.4407 0 0 0 0 0 0 0
a45=37.2881 0 0 0 0 0 0 0
a46=38.1356 0 0 0 0 0 0 0
a47=38.9831 0 0 0 0 0 0 0
a48=39.8305 0 0 0 0 0 0 0
a49=40.678 0 0 0 0 0 0 0
a50=41.5254 0 0 0 0 0 0 0
a51=42.3729 0 0 0 0 0 0 0
a52=43.2203 0 0 0 0 0 0 0
a53=44.0678 0 0 0 0 0 0 0
a54=44.9153 0 0 0 0 0 0 0
a55=45.7627 0 0 0 0 0 0 0
a56=46.6102 0 0 0 0 0 0 0
a57=47.4576 0 0 0 0 0 0 0
a58=48.3051 0 0 0 0 0 0 0
a59=49.1525 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_inf_borr_nobridge_print: bridge loans
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=0 0 0 0 0 0 0 0
a2=0.847458 0 0 0 0 0 0 0
a3=1.69492 0 0 0 0 0 0 0
a4=2.54237 0 0 0 0 0 0 0
a5=3.38983 0 0 0 0 0 0 0
a6=4.23729 0 0 0 0 0 0 0
a7=5.08475 0 0 0 0 0 0 0
a8=5.9322 0 0 0 0 0 0 0
a9=6.77966 0 0 0 0 0 0 0
a10=7.62712 0 0 0 0 0 0 0
a11=8.47458 0 0 0 0 0 0 0
a12=9.32203 0 0 0 0 0 0 0
a13=10.1695 0 0 0 0 0 0 0
a14=11.0169 0 0 0 0 0 0 0
a15=11.8644 0 0 0 0 0 0 0
a16=12.7119 0 0 0 0 0 0 0
a17=13.5593 0 0 0 0 0 0 0
a18=14.4068 0 0 0 0 0 0 0
a19=15.2542 0 0 0 0 0 0 0
a20=16.1017 0 0 0 0 0 0 0
a21=16.9492 0 0 0 0 0 0 0
a22=17.7966 0 0 0 0 0 0 0
a23=18.6441 0 0 0 0 0 0 0
a24=19.4915 0 0 0 0 0 0 0
a25=20.339 0 0 0 0 0 0 0
a26=21.1864 0 0 0 0 0 0 0
a27=22.0339 0 0 0 0 0 0 0
a28=22.8814 0 0 0 0 0 0 0
a29=23.7288 0 0 0 0 0 0 0
a30=24.5763 0 0 0 0 0 0 0
a31=25.4237 0 0 0 0 0 0 0
a32=26.2712 0 0 0 0 0 0 0
a33=27.1186 0 0 0 0 0 0 0
a34=27.9661 0 0 0 0 0 0 0
a35=28.8136 0 0 0 0 0 0 0
a36=29.661 0 0 0 0 0 0 0
a37=30.5085 0 0 0 0 0 0 0
a38=31.3559 0 0 0 0 0 0 0
a39=32.2034 0 0 0 0 0 0 0
a40=33.0508 0 0 0 0 0 0 0
a41=33.8983 0 0 0 0 0 0 0
a42=34.7458 0 0 0 0 0 0 0
a43=35.5932 0 0 0 0 0 0 0
a44=36.4407 0 0 0 0 0 0 0
a45=37.2881 0 0 0 0 0 0 0
a46=38.1356 0 0 0 0 0 0 0
a47=38.9831 0 0 0 0 0 0 0
a48=39.8305 0 0 0 0 0 0 0
a49=40.678 0 0 0 0 0 0 0
a50=41.5254 0 0 0 0 0 0 0
a51=42.3729 0 0 0 0 0 0 0
a52=43.2203 0 0 0 0 0 0 0
a53=44.0678 0 0 0 0 0 0 0
a54=44.9153 0 0 0 0 0 0 0
a55=45.7627 0 0 0 0 0 0 0
a56=46.6102 0 0 0 0 0 0 0
a57=47.4576 0 0 0 0 0 0 0
a58=48.3051 0 0 0 0 0 0 0
a59=49.1525 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_for_borr_print: formal borrowing
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=0 0 0 0 0 0 0 0
a2=0.847458 0 0 0 0 0 0 0
a3=1.69492 0 0 0 0 0 0 0
a4=2.54237 0 0 0 0 0 0 0
a5=3.38983 0 0 0 0 0 0 0
a6=4.23729 0 0 0 0 0 0 0
a7=5.08475 0 0 0 0 0 0 0
a8=5.9322 0 0 0 0 0 0 0
a9=6.77966 0 0 0 0 0 0 0
a10=7.62712 0 0 0 0 0 0 0
a11=8.47458 0 0 0 0 0 0 0
a12=9.32203 0 0 0 0 0 0 0
a13=10.1695 0 0 0 0 0 0 0
a14=11.0169 0 0 0 0 0 0 0
a15=11.8644 0 0 0 0 0 0 0
a16=12.7119 0 0 0 0 0 0 0
a17=13.5593 0 0 0 0 0 0 0
a18=14.4068 0 0 0 0 0 0 0
a19=15.2542 0 0 0 0 0 0 0
a20=16.1017 0 0 0 0 0 0 0
a21=16.9492 0 0 0 0 0 0 0
a22=17.7966 0 0 0 0 0 0 0
a23=18.6441 0 0 0 0 0 0 0
a24=19.4915 0 0 0 0 0 0 0
a25=20.339 0 0 0 0 0 0 0
a26=21.1864 0 0 0 0 0 0 0
a27=22.0339 0 0 0 0 0 0 0
a28=22.8814 0 0 0 0 0 0 0
a29=23.7288 0 0 0 0 0 0 0
a30=24.5763 0 0 0 0 0 0 0
a31=25.4237 0 0 0 0 0 0 0
a32=26.2712 0 0 0 0 0 0 0
a33=27.1186 0 0 0 0 0 0 0
a34=27.9661 0 0 0 0 0 0 0
a35=28.8136 0 0 0 0 0 0 0
a36=29.661 0 0 0 0 0 0 0
a37=30.5085 0 0 0 0 0 0 0
a38=31.3559 0 0 0 0 0 0 0
a39=32.2034 0 0 0 0 0 0 0
a40=33.0508 0 0 0 0 0 0 0
a41=33.8983 0 0 0 0 0 0 0
a42=34.7458 0 0 0 0 0 0 0
a43=35.5932 0 0 0 0 0 0 0
a44=36.4407 0 0 0 0 0 0 0
a45=37.2881 0 0 0 0 0 0 0
a46=38.1356 0 0 0 0 0 0 0
a47=38.9831 0 0 0 0 0 0 0
a48=39.8305 0 0 0 0 0 0 0
a49=40.678 0 0 0 0 0 0 0
a50=41.5254 0 0 0 0 0 0 0
a51=42.3729 0 0 0 0 0 0 0
a52=43.2203 0 0 0 0 0 0 0
a53=44.0678 0 0 0 0 0 0 0
a54=44.9153 0 0 0 0 0 0 0
a55=45.7627 0 0 0 0 0 0 0
a56=46.6102 0 0 0 0 0 0 0
a57=47.4576 0 0 0 0 0 0 0
a58=48.3051 0 0 0 0 0 0 0
a59=49.1525 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_for_save_print: formal savings
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=0 0 0 0 0 0 0 0.84746
a2=0.847458 0 0 0 0.84746 0.84746 0.84746 1.6949
a3=1.69492 0.84746 0.84746 0.84746 1.6949 1.6949 1.6949 2.5424
a4=2.54237 1.6949 1.6949 1.6949 2.5424 2.5424 2.5424 3.3898
a5=3.38983 2.5424 2.5424 2.5424 3.3898 3.3898 3.3898 4.2373
a6=4.23729 3.3898 3.3898 3.3898 3.3898 4.2373 4.2373 5.0847
a7=5.08475 4.2373 4.2373 4.2373 4.2373 5.0847 5.0847 5.9322
a8=5.9322 5.0847 5.0847 5.0847 5.0847 5.9322 5.9322 6.7797
a9=6.77966 5.9322 5.9322 5.9322 5.9322 6.7797 6.7797 7.6271
a10=7.62712 6.7797 6.7797 6.7797 6.7797 7.6271 7.6271 8.4746
a11=8.47458 7.6271 7.6271 7.6271 7.6271 8.4746 8.4746 9.322
a12=9.32203 8.4746 8.4746 8.4746 8.4746 9.322 9.322 10.169
a13=10.1695 9.322 9.322 9.322 9.322 10.169 10.169 11.017
a14=11.0169 10.169 10.169 10.169 10.169 11.017 11.017 11.864
a15=11.8644 11.017 11.017 11.017 11.017 11.017 11.864 12.712
a16=12.7119 11.864 11.864 11.864 11.864 11.864 12.712 13.559
a17=13.5593 12.712 12.712 12.712 12.712 12.712 13.559 14.407
a18=14.4068 13.559 13.559 13.559 13.559 13.559 14.407 15.254
a19=15.2542 13.559 14.407 14.407 14.407 14.407 15.254 16.102
a20=16.1017 14.407 15.254 15.254 15.254 15.254 16.102 16.949
a21=16.9492 15.254 16.102 16.102 16.102 16.102 16.949 16.949
a22=17.7966 16.102 16.102 16.949 16.949 16.949 17.797 17.797
a23=18.6441 16.949 16.949 17.797 17.797 17.797 18.644 18.644
a24=19.4915 17.797 17.797 18.644 18.644 18.644 19.492 19.492
a25=20.339 18.644 18.644 19.492 19.492 19.492 20.339 20.339
a26=21.1864 19.492 19.492 19.492 20.339 20.339 21.186 21.186
a27=22.0339 20.339 20.339 20.339 21.186 21.186 22.034 22.034
a28=22.8814 21.186 21.186 21.186 22.034 22.034 22.034 22.881
a29=23.7288 22.034 22.034 22.034 22.881 22.881 22.881 23.729
a30=24.5763 22.881 22.881 22.881 23.729 23.729 23.729 24.576
a31=25.4237 23.729 23.729 23.729 24.576 24.576 24.576 25.424
a32=26.2712 24.576 24.576 24.576 25.424 25.424 25.424 26.271
a33=27.1186 25.424 25.424 25.424 25.424 26.271 26.271 27.119
a34=27.9661 26.271 26.271 26.271 26.271 27.119 27.119 27.966
a35=28.8136 27.119 27.119 27.119 27.119 27.966 27.966 28.814
a36=29.661 27.966 27.966 27.966 27.966 28.814 28.814 29.661
a37=30.5085 28.814 28.814 28.814 28.814 29.661 29.661 30.508
a38=31.3559 29.661 29.661 29.661 29.661 30.508 30.508 31.356
a39=32.2034 30.508 30.508 30.508 30.508 31.356 31.356 32.203
a40=33.0508 31.356 31.356 31.356 31.356 32.203 32.203 33.051
a41=33.8983 32.203 32.203 32.203 32.203 33.051 33.051 33.898
a42=34.7458 33.051 33.051 33.051 33.051 33.898 33.898 34.746
a43=35.5932 33.898 33.898 33.898 33.898 34.746 34.746 35.593
a44=36.4407 34.746 34.746 34.746 34.746 35.593 35.593 36.441
a45=37.2881 35.593 35.593 35.593 35.593 35.593 36.441 37.288
a46=38.1356 36.441 36.441 36.441 36.441 36.441 37.288 38.136
a47=38.9831 37.288 37.288 37.288 37.288 37.288 38.136 38.983
a48=39.8305 38.136 38.136 38.136 38.136 38.136 38.983 39.831
a49=40.678 38.983 38.983 38.983 38.983 38.983 39.831 40.678
a50=41.5254 38.983 39.831 39.831 39.831 39.831 40.678 41.525
a51=42.3729 39.831 40.678 40.678 40.678 40.678 41.525 42.373
a52=43.2203 40.678 41.525 41.525 41.525 41.525 42.373 43.22
a53=44.0678 41.525 42.373 42.373 42.373 42.373 43.22 43.22
a54=44.9153 42.373 42.373 43.22 43.22 43.22 44.068 44.068
a55=45.7627 43.22 43.22 44.068 44.068 44.068 44.915 44.915
a56=46.6102 44.068 44.068 44.915 44.915 44.915 45.763 45.763
a57=47.4576 44.915 44.915 45.763 45.763 45.763 46.61 46.61
a58=48.3051 45.763 45.763 46.61 46.61 46.61 47.458 47.458
a59=49.1525 46.61 46.61 46.61 47.458 47.458 48.305 48.305
a60=50 47.458 47.458 47.458 48.305 48.305 49.153 49.153
Simulate Save/Borrow No Default
Default not allowed, but borrowing is allowed
[param_map, support_map] = ffs_abz_fibs_set_default_param(it_param_set); % allow for borrowing, when using a very large negative value for fl_b_bd % that means the natural borrowing constraint will bind. param_map('fl_b_bd') = -100; param_map('bl_default') = false; % shared parameters param_map('fl_a_min') = 0; param_map('fl_a_max') = fl_a_max; param_map('it_a_n') = it_a_n; param_map('fl_r_save') = fl_r_save; param_map('fl_r_borr') = fl_r_borr; param_map('fl_w') = fl_w; % solution param_map('it_z_n') = it_z_n; param_map('it_maxiter_val') = it_maxiter_val; % Display Parameters support_map('bl_display') = bl_display; support_map('bl_post') = bl_post; support_map('bl_display_final') = bl_display_final; % Call Program ff_abz_fibs_vf_vecsv(param_map, support_map); % Snap snapnow; close all;
Elapsed time is 0.104646 seconds.
valgap = norm(mt_val - mt_val_cur): value function difference across iterations
polgap = norm(mt_pol_a - mt_pol_a_cur): policy function difference across iterations
z1 = z1 perc change: sum((mt_pol_a ~= mt_pol_a_cur))/(it_a_n): percentage of state space points conditional on shock where the policy function is changing across iterations
valgap polgap z1 z2 z3 z4 z5 z6 z7
__________ ______ ________ ________ ________ ________ ________ ________ ________
iter=1 99999 187.9 1 1 1 1 1 1 1
iter=2 6285.8 357.11 0.98333 0.98333 0.98333 0.98333 0.98333 0.98333 0.98333
iter=3 3141.5 116.09 0.95 0.95 0.95 0.95 0.95 0.95 0.95
iter=4 1923.3 58.66 0.88333 0.88333 0.9 0.9 0.9 0.91667 0.91667
iter=5 1347.9 36.116 0.83333 0.83333 0.85 0.78333 0.83333 0.81667 0.9
iter=6 1034.2 23.896 0.7 0.71667 0.73333 0.75 0.75 0.75 0.78333
iter=7 843.34 17.217 0.63333 0.61667 0.61667 0.63333 0.61667 0.65 0.68333
iter=8 715.54 13.576 0.5 0.5 0.5 0.48333 0.51667 0.51667 0.58333
iter=9 622.46 11.183 0.38333 0.38333 0.38333 0.38333 0.38333 0.4 0.45
iter=10 549.91 9.896 0.33333 0.33333 0.31667 0.31667 0.28333 0.33333 0.31667
iter=11 490.46 8.534 0.26667 0.26667 0.26667 0.3 0.3 0.26667 0.31667
iter=12 440.05 7.5652 0.2 0.2 0.21667 0.21667 0.2 0.26667 0.28333
iter=13 396.32 6.4752 0.16667 0.16667 0.2 0.16667 0.18333 0.16667 0.21667
iter=14 357.8 6.3597 0.16667 0.16667 0.15 0.15 0.13333 0.16667 0.18333
iter=15 323.55 5.8108 0.13333 0.13333 0.13333 0.11667 0.1 0.15 0.1
iter=16 292.89 4.9844 0.1 0.1 0.1 0.1 0.11667 0.11667 0.11667
iter=17 265.33 4.9912 0.1 0.11667 0.1 0.1 0.13333 0.1 0.11667
iter=18 240.48 4.3344 0.05 0.1 0.1 0.1 0.066667 0.083333 0.11667
iter=19 218.04 4.1163 0.083333 0.083333 0.1 0.1 0.066667 0.1 0.1
iter=20 197.73 3.2198 0.083333 0.066667 0.066667 0.033333 0.05 0.066667 0.05
iter=21 179.35 3.1217 0.066667 0.05 0.05 0.05 0.05 0.083333 0.066667
iter=22 162.69 2.6976 0.033333 0.05 0.05 0.05 0.05 0.05 0.083333
iter=23 147.59 2.684 0.033333 0.05 0.05 0.05 0.066667 0.033333 0.05
iter=24 133.91 2.2277 0.033333 0.016667 0.033333 0.066667 0.033333 0.05 0.066667
iter=25 121.49 2.2528 0.016667 0.033333 0.05 0.05 0.033333 0.05 0.033333
iter=26 110.23 2.0748 0.033333 0.033333 0.05 0.033333 0.066667 0.033333 0.05
iter=27 100.02 2.0748 0.016667 0.016667 0.033333 0.05 0.033333 0.033333 0.066667
iter=28 90.75 1.7968 0.033333 0.033333 0.033333 0.05 0.016667 0.016667 0.033333
iter=29 82.343 1.4671 0.016667 0.016667 0.033333 0.033333 0 0.033333 0.016667
iter=30 74.716 1.4671 0 0.033333 0.033333 0.033333 0.033333 0.016667 0.016667
iter=31 67.796 1.6785 0.033333 0.016667 0.033333 0.016667 0.016667 0.033333 0.016667
iter=32 61.517 1.4671 0.016667 0.016667 0.016667 0.033333 0.016667 0.016667 0.016667
iter=33 55.82 1.4671 0 0.016667 0.016667 0.016667 0 0.033333 0.016667
iter=34 50.651 1.4671 0.016667 0.016667 0.033333 0.016667 0.016667 0 0.016667
iter=35 45.961 1.6785 0.016667 0.016667 0 0 0.016667 0.033333 0.016667
iter=36 41.706 1.4671 0.033333 0.016667 0.033333 0.016667 0.016667 0.016667 0
iter=37 37.845 1.4671 0 0.016667 0 0.016667 0.016667 0 0.033333
iter=38 34.341 1.4671 0.016667 0 0 0.016667 0.016667 0.033333 0.016667
iter=39 31.162 1.0374 0.016667 0.016667 0.016667 0.016667 0.016667 0.016667 0.016667
iter=40 28.278 1.4671 0.016667 0.033333 0 0 0.016667 0 0
iter=41 25.66 1.4671 0 0.016667 0 0.016667 0 0.016667 0.016667
iter=42 23.285 1.0374 0.016667 0 0 0 0.016667 0 0.016667
iter=43 21.131 1.0374 0.016667 0 0.016667 0.016667 0.016667 0.016667 0
iter=44 19.175 1.0374 0.016667 0 0 0.016667 0 0 0.016667
iter=45 17.401 1.0374 0.016667 0 0 0 0.016667 0 0.016667
iter=46 15.791 1.0374 0 0 0 0.016667 0.016667 0 0
iter=47 14.33 1.0374 0 0 0 0 0 0 0.016667
iter=48 13.005 0 0 0 0 0 0 0 0
iter=49 11.802 1.0374 0 0.016667 0 0 0.016667 0 0.016667
iter=50 10.711 0 0 0 0 0 0 0 0
iter=182 0.00020111 0 0 0 0 0 0 0 0
iter=183 0.00018894 0 0 0 0 0 0 0 0
iter=184 0.00017752 0 0 0 0 0 0 0 0
iter=185 0.00016679 0 0 0 0 0 0 0 0
iter=186 0.00015671 0 0 0 0 0 0 0 0
iter=187 0.00014725 0 0 0 0 0 0 0 0
iter=188 0.00013836 0 0 0 0 0 0 0 0
iter=189 0.00013002 0 0 0 0 0 0 0 0
iter=190 0.00012218 0 0 0 0 0 0 0 0
iter=191 0.00011481 0 0 0 0 0 0 0 0
iter=192 0.00010789 0 0 0 0 0 0 0 0
iter=193 0.00010139 0 0 0 0 0 0 0 0
iter=194 9.5282e-05 0 0 0 0 0 0 0 0
iter=195 8.9545e-05 0 0 0 0 0 0 0 0
iter=196 8.4154e-05 0 0 0 0 0 0 0 0
iter=197 7.9089e-05 0 0 0 0 0 0 0 0
iter=198 7.433e-05 0 0 0 0 0 0 0 0
iter=199 6.9858e-05 0 0 0 0 0 0 0 0
iter=200 6.5656e-05 0 0 0 0 0 0 0 0
iter=201 6.1707e-05 0 0 0 0 0 0 0 0
iter=202 5.7997e-05 0 0 0 0 0 0 0 0
iter=203 5.451e-05 0 0 0 0 0 0 0 0
iter=204 5.1233e-05 0 0 0 0 0 0 0 0
iter=205 4.8154e-05 0 0 0 0 0 0 0 0
iter=206 4.526e-05 0 0 0 0 0 0 0 0
iter=207 4.2541e-05 0 0 0 0 0 0 0 0
iter=208 3.9985e-05 0 0 0 0 0 0 0 0
iter=209 3.7583e-05 0 0 0 0 0 0 0 0
iter=210 3.5325e-05 0 0 0 0 0 0 0 0
iter=211 3.3203e-05 0 0 0 0 0 0 0 0
iter=212 3.1209e-05 0 0 0 0 0 0 0 0
iter=213 2.9335e-05 0 0 0 0 0 0 0 0
iter=214 2.7574e-05 0 0 0 0 0 0 0 0
iter=215 2.5918e-05 0 0 0 0 0 0 0 0
iter=216 2.4362e-05 0 0 0 0 0 0 0 0
iter=217 2.2899e-05 0 0 0 0 0 0 0 0
iter=218 2.1525e-05 0 0 0 0 0 0 0 0
iter=219 2.0233e-05 0 0 0 0 0 0 0 0
iter=220 1.9018e-05 0 0 0 0 0 0 0 0
iter=221 1.7877e-05 0 0 0 0 0 0 0 0
iter=222 1.6804e-05 0 0 0 0 0 0 0 0
iter=223 1.5795e-05 0 0 0 0 0 0 0 0
iter=224 1.4847e-05 0 0 0 0 0 0 0 0
iter=225 1.3956e-05 0 0 0 0 0 0 0 0
iter=226 1.3119e-05 0 0 0 0 0 0 0 0
iter=227 1.2331e-05 0 0 0 0 0 0 0 0
iter=228 1.1591e-05 0 0 0 0 0 0 0 0
iter=229 1.0896e-05 0 0 0 0 0 0 0 0
iter=230 1.0242e-05 0 0 0 0 0 0 0 0
iter=231 9.6276e-06 0 0 0 0 0 0 0 0
tb_val: V(a,z) value at each state space point
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-10.1687 -99999 -17464 -7538.6 -4644.2 -2992.5 -8.4906 -5.4306
a2=-9.13135 -38.176 -22.507 -16.329 -12.525 -9.6675 -6.9275 -4.2447
a3=-8.09396 -25.69 -17.82 -13.362 -10.258 -7.8243 -5.613 -3.2063
a4=-7.05657 -19.585 -14.636 -11.115 -8.466 -6.332 -4.4885 -2.2574
a5=-6.01918 -15.425 -12.319 -9.439 -7.0925 -5.14 -3.4291 -1.3913
a6=-4.98178 -12.509 -10.273 -7.9846 -5.8962 -4.0969 -2.4913 -0.5589
a7=-3.94439 -10.245 -8.5245 -6.5722 -4.6945 -3.0389 -1.5481 0.1708
a8=-2.907 -8.3822 -6.9669 -5.3861 -3.6922 -2.155 -0.7518 0.85612
a9=-1.86961 -6.7933 -5.6204 -4.3118 -2.7908 -1.3585 -0.02728 1.5344
a10=-0.832215 -5.4247 -4.4376 -3.3068 -1.8924 -0.54008 0.75966 2.1099
a11=0 -4.3701 -3.4939 -2.4589 -1.1753 0.092709 1.3152 2.4879
a12=0.205177 -4.2224 -3.293 -2.1794 -0.9768 0.24815 1.4061 2.6081
a13=1.24257 -3.1023 -2.2826 -1.3402 -0.29101 0.85032 1.9488 3.0791
a14=2.27996 -2.1033 -1.3874 -0.56606 0.34642 1.4124 2.4574 3.5297
a15=3.31735 -1.2123 -0.58 0.14592 0.95164 1.9466 2.9419 3.9631
a16=4.35475 -0.41086 0.15459 0.80498 1.5363 2.4618 3.4091 4.3779
a17=5.39214 0.31625 0.82853 1.4212 2.0955 2.9548 3.8565 4.7741
a18=6.42953 0.98154 1.4521 1.9999 2.6278 3.4249 4.2835 5.1521
a19=7.46692 1.5953 2.033 2.5448 3.1334 3.8724 4.6906 5.513
a20=8.50431 2.1655 2.5767 3.0589 3.6132 4.298 5.0784 5.8578
a21=9.54171 2.6983 3.0875 3.5444 4.0682 4.703 5.448 6.1879
a22=10.5791 3.1984 3.5689 4.0037 4.5 5.0884 5.8006 6.5055
a23=11.6165 3.6692 4.0235 4.4386 4.9099 5.4555 6.1376 6.8134
a24=12.6539 4.1139 4.4536 4.8509 5.2993 5.8083 6.462 7.1148
a25=13.6913 4.5346 4.8611 5.2423 5.6701 6.1535 6.7791 7.4107
a26=14.7287 4.9334 5.248 5.6146 6.0249 6.4882 7.0866 7.6987
a27=15.7661 5.3122 5.6158 5.9694 6.365 6.8116 7.3837 7.9771
a28=16.8035 5.6725 5.9662 6.3084 6.6912 7.1232 7.6703 8.2458
a29=17.8408 6.0158 6.3007 6.6327 7.0044 7.4232 7.9466 8.505
a30=18.8782 6.3437 6.6206 6.9435 7.3052 7.712 8.2128 8.7549
a31=19.9156 6.6572 6.927 7.2417 7.5942 7.9898 8.4692 8.9958
a32=20.953 6.9577 7.2207 7.5279 7.872 8.2573 8.7164 9.2281
a33=21.9904 7.2478 7.5028 7.803 8.1392 8.5147 8.9546 9.4523
a34=23.0278 7.5313 7.7741 8.0675 8.3964 8.7627 9.1844 9.6686
a35=24.0652 7.8043 8.0353 8.3222 8.644 9.0015 9.4061 9.8774
a36=25.1026 8.0688 8.2895 8.5676 8.8826 9.2318 9.6201 10.079
a37=26.14 8.3236 8.5375 8.8044 9.1127 9.4539 9.8288 10.276
a38=27.1774 8.571 8.7778 9.0333 9.3348 9.6685 10.034 10.468
a39=28.2148 8.811 9.011 9.2547 9.5494 9.8762 10.234 10.656
a40=29.2522 9.0437 9.2369 9.4704 9.757 10.078 10.428 10.839
a41=30.2895 9.2696 9.4559 9.6818 9.9583 10.273 10.617 11.017
a42=31.3269 9.4887 9.6685 9.8872 10.154 10.462 10.8 11.189
a43=32.3643 9.7014 9.8756 10.088 10.344 10.646 10.978 11.357
a44=33.4017 9.9079 10.077 10.283 10.529 10.824 11.151 11.52
a45=34.4391 10.109 10.273 10.473 10.709 10.998 11.319 11.678
a46=35.4765 10.304 10.464 10.657 10.885 11.167 11.482 11.833
a47=36.5139 10.495 10.65 10.838 11.058 11.332 11.642 11.983
a48=37.5513 10.68 10.831 11.013 11.227 11.493 11.797 12.13
a49=38.5887 10.86 11.007 11.184 11.393 11.651 11.948 12.273
a50=39.6261 11.036 11.179 11.351 11.555 11.805 12.096 12.413
a51=40.6635 11.207 11.347 11.515 11.713 11.956 12.241 12.551
a52=41.7009 11.374 11.51 11.675 11.868 12.103 12.383 12.685
a53=42.7383 11.537 11.67 11.831 12.02 12.247 12.521 12.816
a54=43.7756 11.695 11.826 11.983 12.168 12.389 12.657 12.945
a55=44.813 11.851 11.978 12.133 12.313 12.527 12.79 13.071
a56=45.8504 12.002 12.127 12.278 12.455 12.662 12.92 13.195
a57=46.8878 12.15 12.273 12.421 12.594 12.796 13.047 13.318
a58=47.9252 12.295 12.415 12.561 12.73 12.927 13.173 13.438
a59=48.9626 12.436 12.555 12.697 12.863 13.056 13.296 13.557
a60=50 12.575 12.691 12.831 12.993 13.182 13.417 13.674
tb_pol_a: optimal asset choice for each state space point
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-10.1687 -10.169 -10.169 -10.169 -10.169 -10.169 -9.1314 -9.1314
a2=-9.13135 -9.1314 -9.1314 -9.1314 -9.1314 -9.1314 -8.094 -8.094
a3=-8.09396 -8.094 -8.094 -8.094 -8.094 -8.094 -7.0566 -7.0566
a4=-7.05657 -8.094 -7.0566 -7.0566 -7.0566 -7.0566 -6.0192 -6.0192
a5=-6.01918 -7.0566 -7.0566 -6.0192 -6.0192 -6.0192 -6.0192 -4.9818
a6=-4.98178 -6.0192 -6.0192 -4.9818 -4.9818 -4.9818 -4.9818 -3.9444
a7=-3.94439 -4.9818 -4.9818 -3.9444 -3.9444 -3.9444 -3.9444 -2.907
a8=-2.907 -3.9444 -3.9444 -2.907 -2.907 -2.907 -2.907 -1.8696
a9=-1.86961 -2.907 -2.907 -2.907 -1.8696 -1.8696 -1.8696 -0.83222
a10=-0.832215 -1.8696 -1.8696 -1.8696 -0.83222 -0.83222 0 0.20518
a11=0 -0.83222 -0.83222 -0.83222 0 0.20518 0.20518 1.2426
a12=0.205177 -0.83222 0 0 0.20518 0.20518 0.20518 1.2426
a13=1.24257 0.20518 0.20518 0.20518 1.2426 1.2426 1.2426 2.28
a14=2.27996 1.2426 1.2426 1.2426 2.28 2.28 2.28 3.3174
a15=3.31735 2.28 2.28 2.28 2.28 3.3174 3.3174 4.3547
a16=4.35475 3.3174 3.3174 3.3174 3.3174 4.3547 4.3547 5.3921
a17=5.39214 4.3547 4.3547 4.3547 4.3547 5.3921 5.3921 6.4295
a18=6.42953 5.3921 5.3921 5.3921 5.3921 6.4295 6.4295 7.4669
a19=7.46692 6.4295 6.4295 6.4295 6.4295 7.4669 7.4669 8.5043
a20=8.50431 7.4669 7.4669 7.4669 7.4669 8.5043 8.5043 9.5417
a21=9.54171 8.5043 8.5043 8.5043 8.5043 9.5417 9.5417 10.579
a22=10.5791 9.5417 9.5417 9.5417 9.5417 10.579 10.579 11.616
a23=11.6165 10.579 10.579 10.579 10.579 11.616 11.616 12.654
a24=12.6539 11.616 11.616 11.616 11.616 11.616 12.654 13.691
a25=13.6913 12.654 12.654 12.654 12.654 12.654 13.691 13.691
a26=14.7287 13.691 13.691 13.691 13.691 13.691 14.729 14.729
a27=15.7661 14.729 14.729 14.729 14.729 14.729 15.766 15.766
a28=16.8035 15.766 15.766 15.766 15.766 15.766 16.803 16.803
a29=17.8408 16.803 16.803 16.803 16.803 16.803 17.841 17.841
a30=18.8782 17.841 17.841 17.841 17.841 17.841 18.878 18.878
a31=19.9156 18.878 18.878 18.878 18.878 18.878 19.916 19.916
a32=20.953 19.916 19.916 19.916 19.916 19.916 20.953 20.953
a33=21.9904 19.916 20.953 20.953 20.953 20.953 21.99 21.99
a34=23.0278 20.953 21.99 21.99 21.99 21.99 23.028 23.028
a35=24.0652 21.99 23.028 23.028 23.028 23.028 24.065 24.065
a36=25.1026 23.028 23.028 24.065 24.065 24.065 25.103 25.103
a37=26.14 24.065 24.065 25.103 25.103 25.103 25.103 26.14
a38=27.1774 25.103 25.103 26.14 26.14 26.14 26.14 27.177
a39=28.2148 26.14 26.14 27.177 27.177 27.177 27.177 28.215
a40=29.2522 27.177 27.177 27.177 28.215 28.215 28.215 29.252
a41=30.2895 28.215 28.215 28.215 29.252 29.252 29.252 30.29
a42=31.3269 29.252 29.252 29.252 30.29 30.29 30.29 31.327
a43=32.3643 30.29 30.29 30.29 31.327 31.327 31.327 32.364
a44=33.4017 31.327 31.327 31.327 32.364 32.364 32.364 33.402
a45=34.4391 32.364 32.364 32.364 33.402 33.402 33.402 34.439
a46=35.4765 33.402 33.402 33.402 34.439 34.439 34.439 35.477
a47=36.5139 34.439 34.439 34.439 34.439 35.477 35.477 36.514
a48=37.5513 35.477 35.477 35.477 35.477 36.514 36.514 37.551
a49=38.5887 36.514 36.514 36.514 36.514 37.551 37.551 38.589
a50=39.6261 37.551 37.551 37.551 37.551 38.589 38.589 39.626
a51=40.6635 38.589 38.589 38.589 38.589 39.626 39.626 40.663
a52=41.7009 39.626 39.626 39.626 39.626 40.663 40.663 41.701
a53=42.7383 40.663 40.663 40.663 40.663 41.701 41.701 42.738
a54=43.7756 41.701 41.701 41.701 41.701 42.738 42.738 43.776
a55=44.813 42.738 42.738 42.738 42.738 43.776 43.776 44.813
a56=45.8504 43.776 43.776 43.776 43.776 44.813 44.813 44.813
a57=46.8878 44.813 44.813 44.813 44.813 44.813 45.85 45.85
a58=47.9252 45.85 45.85 45.85 45.85 45.85 46.888 46.888
a59=48.9626 46.888 46.888 46.888 46.888 46.888 47.925 47.925
a60=50 47.925 47.925 47.925 47.925 47.925 48.963 48.963
mt_pol_b_bridge_print: bridge loans
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-10.1687 0 0 0 0 0 0 0
a2=-9.13135 0 0 0 0 0 0 0
a3=-8.09396 0 0 0 0 0 0 0
a4=-7.05657 0 0 0 0 0 0 0
a5=-6.01918 0 0 0 0 0 0 0
a6=-4.98178 0 0 0 0 0 0 0
a7=-3.94439 0 0 0 0 0 0 0
a8=-2.907 0 0 0 0 0 0 0
a9=-1.86961 0 0 0 0 0 0 0
a10=-0.832215 0 0 0 0 0 0 0
a11=0 0 0 0 0 0 0 0
a12=0.205177 0 0 0 0 0 0 0
a13=1.24257 0 0 0 0 0 0 0
a14=2.27996 0 0 0 0 0 0 0
a15=3.31735 0 0 0 0 0 0 0
a16=4.35475 0 0 0 0 0 0 0
a17=5.39214 0 0 0 0 0 0 0
a18=6.42953 0 0 0 0 0 0 0
a19=7.46692 0 0 0 0 0 0 0
a20=8.50431 0 0 0 0 0 0 0
a21=9.54171 0 0 0 0 0 0 0
a22=10.5791 0 0 0 0 0 0 0
a23=11.6165 0 0 0 0 0 0 0
a24=12.6539 0 0 0 0 0 0 0
a25=13.6913 0 0 0 0 0 0 0
a26=14.7287 0 0 0 0 0 0 0
a27=15.7661 0 0 0 0 0 0 0
a28=16.8035 0 0 0 0 0 0 0
a29=17.8408 0 0 0 0 0 0 0
a30=18.8782 0 0 0 0 0 0 0
a31=19.9156 0 0 0 0 0 0 0
a32=20.953 0 0 0 0 0 0 0
a33=21.9904 0 0 0 0 0 0 0
a34=23.0278 0 0 0 0 0 0 0
a35=24.0652 0 0 0 0 0 0 0
a36=25.1026 0 0 0 0 0 0 0
a37=26.14 0 0 0 0 0 0 0
a38=27.1774 0 0 0 0 0 0 0
a39=28.2148 0 0 0 0 0 0 0
a40=29.2522 0 0 0 0 0 0 0
a41=30.2895 0 0 0 0 0 0 0
a42=31.3269 0 0 0 0 0 0 0
a43=32.3643 0 0 0 0 0 0 0
a44=33.4017 0 0 0 0 0 0 0
a45=34.4391 0 0 0 0 0 0 0
a46=35.4765 0 0 0 0 0 0 0
a47=36.5139 0 0 0 0 0 0 0
a48=37.5513 0 0 0 0 0 0 0
a49=38.5887 0 0 0 0 0 0 0
a50=39.6261 0 0 0 0 0 0 0
a51=40.6635 0 0 0 0 0 0 0
a52=41.7009 0 0 0 0 0 0 0
a53=42.7383 0 0 0 0 0 0 0
a54=43.7756 0 0 0 0 0 0 0
a55=44.813 0 0 0 0 0 0 0
a56=45.8504 0 0 0 0 0 0 0
a57=46.8878 0 0 0 0 0 0 0
a58=47.9252 0 0 0 0 0 0 0
a59=48.9626 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_inf_borr_nobridge_print: bridge loans
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-10.1687 0 0 0 0 0 0 0
a2=-9.13135 0 0 0 0 0 -0.84896 -0.84896
a3=-8.09396 -0.84896 -0.84896 -0.84896 -0.84896 -0.84896 0 0
a4=-7.05657 -0.84896 0 0 0 0 -0.32668 -0.32668
a5=-6.01918 0 0 -0.32668 -0.32668 -0.32668 -0.32668 0
a6=-4.98178 -0.32668 -0.32668 0 0 0 0 0
a7=-3.94439 0 0 0 0 0 0 -0.3195
a8=-2.907 0 0 -0.3195 -0.3195 -0.3195 -0.3195 0
a9=-1.86961 -0.3195 -0.3195 -0.3195 0 0 0 0
a10=-0.832215 0 0 0 0 0 0 0
a11=0 0 0 0 0 0 0 0
a12=0.205177 0 0 0 0 0 0 0
a13=1.24257 0 0 0 0 0 0 0
a14=2.27996 0 0 0 0 0 0 0
a15=3.31735 0 0 0 0 0 0 0
a16=4.35475 0 0 0 0 0 0 0
a17=5.39214 0 0 0 0 0 0 0
a18=6.42953 0 0 0 0 0 0 0
a19=7.46692 0 0 0 0 0 0 0
a20=8.50431 0 0 0 0 0 0 0
a21=9.54171 0 0 0 0 0 0 0
a22=10.5791 0 0 0 0 0 0 0
a23=11.6165 0 0 0 0 0 0 0
a24=12.6539 0 0 0 0 0 0 0
a25=13.6913 0 0 0 0 0 0 0
a26=14.7287 0 0 0 0 0 0 0
a27=15.7661 0 0 0 0 0 0 0
a28=16.8035 0 0 0 0 0 0 0
a29=17.8408 0 0 0 0 0 0 0
a30=18.8782 0 0 0 0 0 0 0
a31=19.9156 0 0 0 0 0 0 0
a32=20.953 0 0 0 0 0 0 0
a33=21.9904 0 0 0 0 0 0 0
a34=23.0278 0 0 0 0 0 0 0
a35=24.0652 0 0 0 0 0 0 0
a36=25.1026 0 0 0 0 0 0 0
a37=26.14 0 0 0 0 0 0 0
a38=27.1774 0 0 0 0 0 0 0
a39=28.2148 0 0 0 0 0 0 0
a40=29.2522 0 0 0 0 0 0 0
a41=30.2895 0 0 0 0 0 0 0
a42=31.3269 0 0 0 0 0 0 0
a43=32.3643 0 0 0 0 0 0 0
a44=33.4017 0 0 0 0 0 0 0
a45=34.4391 0 0 0 0 0 0 0
a46=35.4765 0 0 0 0 0 0 0
a47=36.5139 0 0 0 0 0 0 0
a48=37.5513 0 0 0 0 0 0 0
a49=38.5887 0 0 0 0 0 0 0
a50=39.6261 0 0 0 0 0 0 0
a51=40.6635 0 0 0 0 0 0 0
a52=41.7009 0 0 0 0 0 0 0
a53=42.7383 0 0 0 0 0 0 0
a54=43.7756 0 0 0 0 0 0 0
a55=44.813 0 0 0 0 0 0 0
a56=45.8504 0 0 0 0 0 0 0
a57=46.8878 0 0 0 0 0 0 0
a58=47.9252 0 0 0 0 0 0 0
a59=48.9626 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_for_borr_print: formal borrowing
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-10.1687 -10.35 -10.35 -10.35 -10.35 -10.35 -10.35 -10.35
a2=-9.13135 -10.35 -10.35 -10.35 -10.35 -10.35 -7.245 -7.245
a3=-8.09396 -7.245 -7.245 -7.245 -7.245 -7.245 -7.245 -7.245
a4=-7.05657 -7.245 -7.245 -7.245 -7.245 -7.245 -5.6925 -5.6925
a5=-6.01918 -7.245 -7.245 -5.6925 -5.6925 -5.6925 -5.6925 -5.6925
a6=-4.98178 -5.6925 -5.6925 -5.6925 -5.6925 -5.6925 -5.6925 -4.14
a7=-3.94439 -5.6925 -5.6925 -4.14 -4.14 -4.14 -4.14 -2.5875
a8=-2.907 -4.14 -4.14 -2.5875 -2.5875 -2.5875 -2.5875 -2.5875
a9=-1.86961 -2.5875 -2.5875 -2.5875 -2.5875 -2.5875 -2.5875 -1.035
a10=-0.832215 -2.5875 -2.5875 -2.5875 -1.035 -1.035 0 0
a11=0 -1.035 -1.035 -1.035 0 0 0 0
a12=0.205177 -1.035 0 0 0 0 0 0
a13=1.24257 0 0 0 0 0 0 0
a14=2.27996 0 0 0 0 0 0 0
a15=3.31735 0 0 0 0 0 0 0
a16=4.35475 0 0 0 0 0 0 0
a17=5.39214 0 0 0 0 0 0 0
a18=6.42953 0 0 0 0 0 0 0
a19=7.46692 0 0 0 0 0 0 0
a20=8.50431 0 0 0 0 0 0 0
a21=9.54171 0 0 0 0 0 0 0
a22=10.5791 0 0 0 0 0 0 0
a23=11.6165 0 0 0 0 0 0 0
a24=12.6539 0 0 0 0 0 0 0
a25=13.6913 0 0 0 0 0 0 0
a26=14.7287 0 0 0 0 0 0 0
a27=15.7661 0 0 0 0 0 0 0
a28=16.8035 0 0 0 0 0 0 0
a29=17.8408 0 0 0 0 0 0 0
a30=18.8782 0 0 0 0 0 0 0
a31=19.9156 0 0 0 0 0 0 0
a32=20.953 0 0 0 0 0 0 0
a33=21.9904 0 0 0 0 0 0 0
a34=23.0278 0 0 0 0 0 0 0
a35=24.0652 0 0 0 0 0 0 0
a36=25.1026 0 0 0 0 0 0 0
a37=26.14 0 0 0 0 0 0 0
a38=27.1774 0 0 0 0 0 0 0
a39=28.2148 0 0 0 0 0 0 0
a40=29.2522 0 0 0 0 0 0 0
a41=30.2895 0 0 0 0 0 0 0
a42=31.3269 0 0 0 0 0 0 0
a43=32.3643 0 0 0 0 0 0 0
a44=33.4017 0 0 0 0 0 0 0
a45=34.4391 0 0 0 0 0 0 0
a46=35.4765 0 0 0 0 0 0 0
a47=36.5139 0 0 0 0 0 0 0
a48=37.5513 0 0 0 0 0 0 0
a49=38.5887 0 0 0 0 0 0 0
a50=39.6261 0 0 0 0 0 0 0
a51=40.6635 0 0 0 0 0 0 0
a52=41.7009 0 0 0 0 0 0 0
a53=42.7383 0 0 0 0 0 0 0
a54=43.7756 0 0 0 0 0 0 0
a55=44.813 0 0 0 0 0 0 0
a56=45.8504 0 0 0 0 0 0 0
a57=46.8878 0 0 0 0 0 0 0
a58=47.9252 0 0 0 0 0 0 0
a59=48.9626 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_for_save_print: formal savings
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-10.1687 0 0.18126 0.18126 0.18126 0.18126 1.2186 1.2186
a2=-9.13135 1.2186 1.2186 1.2186 1.2186 1.2186 0 0
a3=-8.09396 0 0 0 0 0 0.18843 0.18843
a4=-7.05657 0 0.18843 0.18843 0.18843 0.18843 0 0
a5=-6.01918 0.18843 0.18843 0 0 0 0 0.71072
a6=-4.98178 0 0 0.71072 0.71072 0.71072 0.71072 0.19561
a7=-3.94439 0.71072 0.71072 0.19561 0.19561 0.19561 0.19561 0
a8=-2.907 0.19561 0.19561 0 0 0 0 0.71789
a9=-1.86961 0 0 0 0.71789 0.71789 0.71789 0.20278
a10=-0.832215 0.71789 0.71789 0.71789 0.20278 0.20278 0 0.20518
a11=0 0.20278 0.20278 0.20278 0 0.20518 0.20518 1.2426
a12=0.205177 0.20278 0 0 0.20518 0.20518 0.20518 1.2426
a13=1.24257 0.20518 0.20518 0.20518 1.2426 1.2426 1.2426 2.28
a14=2.27996 1.2426 1.2426 1.2426 2.28 2.28 2.28 3.3174
a15=3.31735 2.28 2.28 2.28 2.28 3.3174 3.3174 4.3547
a16=4.35475 3.3174 3.3174 3.3174 3.3174 4.3547 4.3547 5.3921
a17=5.39214 4.3547 4.3547 4.3547 4.3547 5.3921 5.3921 6.4295
a18=6.42953 5.3921 5.3921 5.3921 5.3921 6.4295 6.4295 7.4669
a19=7.46692 6.4295 6.4295 6.4295 6.4295 7.4669 7.4669 8.5043
a20=8.50431 7.4669 7.4669 7.4669 7.4669 8.5043 8.5043 9.5417
a21=9.54171 8.5043 8.5043 8.5043 8.5043 9.5417 9.5417 10.579
a22=10.5791 9.5417 9.5417 9.5417 9.5417 10.579 10.579 11.616
a23=11.6165 10.579 10.579 10.579 10.579 11.616 11.616 12.654
a24=12.6539 11.616 11.616 11.616 11.616 11.616 12.654 13.691
a25=13.6913 12.654 12.654 12.654 12.654 12.654 13.691 13.691
a26=14.7287 13.691 13.691 13.691 13.691 13.691 14.729 14.729
a27=15.7661 14.729 14.729 14.729 14.729 14.729 15.766 15.766
a28=16.8035 15.766 15.766 15.766 15.766 15.766 16.803 16.803
a29=17.8408 16.803 16.803 16.803 16.803 16.803 17.841 17.841
a30=18.8782 17.841 17.841 17.841 17.841 17.841 18.878 18.878
a31=19.9156 18.878 18.878 18.878 18.878 18.878 19.916 19.916
a32=20.953 19.916 19.916 19.916 19.916 19.916 20.953 20.953
a33=21.9904 19.916 20.953 20.953 20.953 20.953 21.99 21.99
a34=23.0278 20.953 21.99 21.99 21.99 21.99 23.028 23.028
a35=24.0652 21.99 23.028 23.028 23.028 23.028 24.065 24.065
a36=25.1026 23.028 23.028 24.065 24.065 24.065 25.103 25.103
a37=26.14 24.065 24.065 25.103 25.103 25.103 25.103 26.14
a38=27.1774 25.103 25.103 26.14 26.14 26.14 26.14 27.177
a39=28.2148 26.14 26.14 27.177 27.177 27.177 27.177 28.215
a40=29.2522 27.177 27.177 27.177 28.215 28.215 28.215 29.252
a41=30.2895 28.215 28.215 28.215 29.252 29.252 29.252 30.29
a42=31.3269 29.252 29.252 29.252 30.29 30.29 30.29 31.327
a43=32.3643 30.29 30.29 30.29 31.327 31.327 31.327 32.364
a44=33.4017 31.327 31.327 31.327 32.364 32.364 32.364 33.402
a45=34.4391 32.364 32.364 32.364 33.402 33.402 33.402 34.439
a46=35.4765 33.402 33.402 33.402 34.439 34.439 34.439 35.477
a47=36.5139 34.439 34.439 34.439 34.439 35.477 35.477 36.514
a48=37.5513 35.477 35.477 35.477 35.477 36.514 36.514 37.551
a49=38.5887 36.514 36.514 36.514 36.514 37.551 37.551 38.589
a50=39.6261 37.551 37.551 37.551 37.551 38.589 38.589 39.626
a51=40.6635 38.589 38.589 38.589 38.589 39.626 39.626 40.663
a52=41.7009 39.626 39.626 39.626 39.626 40.663 40.663 41.701
a53=42.7383 40.663 40.663 40.663 40.663 41.701 41.701 42.738
a54=43.7756 41.701 41.701 41.701 41.701 42.738 42.738 43.776
a55=44.813 42.738 42.738 42.738 42.738 43.776 43.776 44.813
a56=45.8504 43.776 43.776 43.776 43.776 44.813 44.813 44.813
a57=46.8878 44.813 44.813 44.813 44.813 44.813 45.85 45.85
a58=47.9252 45.85 45.85 45.85 45.85 45.85 46.888 46.888
a59=48.9626 46.888 46.888 46.888 46.888 46.888 47.925 47.925
a60=50 47.925 47.925 47.925 47.925 47.925 48.963 48.963
Save/Borrow, Can Default, No Bridge: cmin = 0.00001, choose not to default
Default is allowed, borrowing is allowed, very low minimum consumption value when default happens.
[param_map, support_map] = ffs_abz_fibs_set_default_param(it_param_set); % allow for borrowing, when using a very large negative value for fl_b_bd % that means the natural borrowing constraint will bind. param_map('fl_b_bd') = -20; param_map('bl_default') = true; param_map('fl_c_min') = 0.00001; % shared parameters param_map('fl_a_min') = 0; param_map('fl_a_max') = fl_a_max; param_map('it_a_n') = it_a_n; param_map('fl_r_save') = fl_r_save; param_map('fl_r_borr') = fl_r_borr; param_map('fl_w') = fl_w; % solution param_map('it_z_n') = it_z_n; param_map('it_maxiter_val') = it_maxiter_val; % Display Parameters support_map('bl_display') = bl_display; support_map('bl_post') = bl_post; support_map('bl_display_final') = bl_display_final; % Call Program ff_abz_fibs_vf_vecsv(param_map, support_map); % Snap snapnow; close all;
Elapsed time is 0.089099 seconds.
valgap = norm(mt_val - mt_val_cur): value function difference across iterations
polgap = norm(mt_pol_a - mt_pol_a_cur): policy function difference across iterations
z1 = z1 perc change: sum((mt_pol_a ~= mt_pol_a_cur))/(it_a_n): percentage of state space points conditional on shock where the policy function is changing across iterations
valgap polgap z1 z2 z3 z4 z5 z6 z7
__________ ______ ________ ________ ________ ________ ________ ________ ________
iter=1 1092.2 387.11 1 1 1 1 1 1 1
iter=2 824.13 418.15 0.96667 0.96667 0.98333 0.98333 0.98333 0.98333 0.98333
iter=3 597.9 136.26 0.91667 0.91667 0.95 0.95 0.95 0.95 0.96667
iter=4 398.03 68.288 0.83333 0.85 0.9 0.88333 0.9 0.9 0.9
iter=5 255.62 40.868 0.8 0.78333 0.8 0.85 0.83333 0.83333 0.88333
iter=6 163.32 27.499 0.73333 0.7 0.71667 0.73333 0.73333 0.73333 0.83333
iter=7 96.187 20.131 0.63333 0.65 0.65 0.61667 0.61667 0.65 0.66667
iter=8 53.739 15.467 0.5 0.53333 0.48333 0.46667 0.51667 0.53333 0.55
iter=9 42.6 12.74 0.36667 0.36667 0.41667 0.4 0.4 0.41667 0.45
iter=10 37.66 11.112 0.33333 0.35 0.31667 0.35 0.28333 0.36667 0.38333
iter=11 33.738 9.4302 0.25 0.25 0.25 0.25 0.26667 0.25 0.3
iter=12 30.344 8.5602 0.2 0.25 0.23333 0.18333 0.21667 0.25 0.2
iter=13 27.333 7.2984 0.18333 0.15 0.15 0.2 0.16667 0.18333 0.2
iter=14 24.651 7.4423 0.18333 0.16667 0.16667 0.13333 0.18333 0.16667 0.21667
iter=15 22.292 6.369 0.13333 0.11667 0.11667 0.15 0.11667 0.16667 0.13333
iter=16 20.219 5.1248 0.1 0.11667 0.066667 0.11667 0.13333 0.1 0.1
iter=17 18.391 5.8873 0.13333 0.11667 0.13333 0.11667 0.083333 0.1 0.11667
iter=18 16.803 5.652 0.11667 0.11667 0.13333 0.11667 0.11667 0.11667 0.11667
iter=19 15.489 5.2967 0.1 0.1 0.083333 0.083333 0.083333 0.066667 0.15
iter=20 14.266 3.9225 0.05 0.066667 0.066667 0.05 0.05 0.11667 0.083333
iter=21 13.131 3.3149 0.05 0.033333 0.05 0.033333 0.066667 0.066667 0.05
iter=22 12.09 3.5448 0.05 0.05 0.033333 0.05 0.05 0.066667 0.033333
iter=23 11.132 3.5599 0.05 0.05 0.05 0.033333 0.05 0.066667 0.05
iter=24 10.254 3.2444 0.033333 0.05 0.066667 0.05 0.066667 0.033333 0.033333
iter=25 9.4502 3.3767 0.05 0.05 0.05 0.033333 0.05 0.05 0.05
iter=26 8.7164 3.0195 0.033333 0.033333 0.033333 0.066667 0.05 0.05 0.033333
iter=27 8.0469 3.5595 0.05 0.05 0.05 0.05 0.016667 0.033333 0.066667
iter=28 7.4354 2.9462 0.033333 0.05 0.05 0.05 0.016667 0.033333 0.033333
iter=29 6.8769 2.7143 0.033333 0.05 0.033333 0.033333 0.033333 0.05 0.05
iter=30 6.3664 2.6254 0.016667 0.016667 0.066667 0.016667 0.016667 0.016667 0.033333
iter=31 5.899 2.5777 0.05 0.05 0.016667 0.016667 0 0.016667 0.033333
iter=32 5.4701 1.7068 0 0.016667 0.016667 0 0.033333 0.033333 0
iter=33 5.0757 1.7068 0.033333 0.016667 0.016667 0.033333 0 0.033333 0.033333
iter=34 4.7128 1.7068 0.033333 0.016667 0.016667 0.016667 0.016667 0.033333 0
iter=35 4.3788 1.2069 0.016667 0 0.016667 0.016667 0.016667 0.016667 0.016667
iter=36 4.0712 1.7068 0.016667 0.016667 0.016667 0 0.016667 0.033333 0
iter=37 3.7876 1.7068 0.016667 0.016667 0.016667 0.016667 0.016667 0.016667 0.033333
iter=38 3.5262 1.7068 0.016667 0.016667 0.016667 0.016667 0 0 0
iter=39 3.285 1.2069 0 0.016667 0.016667 0.016667 0.016667 0.016667 0.016667
iter=40 3.0622 1.2069 0.016667 0.016667 0 0.016667 0 0.016667 0.016667
iter=41 2.8564 1.7068 0 0.016667 0.016667 0.016667 0.033333 0 0
iter=42 2.666 1.7068 0 0 0.016667 0 0.016667 0 0.033333
iter=43 2.4898 1.2069 0.016667 0.016667 0.016667 0.016667 0 0.016667 0.016667
iter=44 2.3263 1.2069 0 0 0.016667 0.016667 0.016667 0.016667 0
iter=45 2.1746 1.7068 0 0 0.016667 0.016667 0.016667 0 0.016667
iter=46 2.0339 1.7068 0 0 0 0.016667 0.016667 0.033333 0.016667
iter=47 1.902 1.2069 0.016667 0.016667 0 0.016667 0 0 0
iter=48 1.7791 1.2069 0 0 0.016667 0 0.016667 0 0.016667
iter=49 1.6648 1.7068 0 0 0 0.016667 0.016667 0 0.016667
iter=50 1.5585 1.7068 0 0 0 0.016667 0 0 0.016667
iter=193 0.00019937 0 0 0 0 0 0 0 0
iter=194 0.00018744 0 0 0 0 0 0 0 0
iter=195 0.00017622 0 0 0 0 0 0 0 0
iter=196 0.00016567 0 0 0 0 0 0 0 0
iter=197 0.00015575 0 0 0 0 0 0 0 0
iter=198 0.00014643 0 0 0 0 0 0 0 0
iter=199 0.00013766 0 0 0 0 0 0 0 0
iter=200 0.00012942 0 0 0 0 0 0 0 0
iter=201 0.00012167 0 0 0 0 0 0 0 0
iter=202 0.00011439 0 0 0 0 0 0 0 0
iter=203 0.00010754 0 0 0 0 0 0 0 0
iter=204 0.0001011 0 0 0 0 0 0 0 0
iter=205 9.5051e-05 0 0 0 0 0 0 0 0
iter=206 8.936e-05 0 0 0 0 0 0 0 0
iter=207 8.4011e-05 0 0 0 0 0 0 0 0
iter=208 7.8982e-05 0 0 0 0 0 0 0 0
iter=209 7.4253e-05 0 0 0 0 0 0 0 0
iter=210 6.9808e-05 0 0 0 0 0 0 0 0
iter=211 6.5629e-05 0 0 0 0 0 0 0 0
iter=212 6.17e-05 0 0 0 0 0 0 0 0
iter=213 5.8006e-05 0 0 0 0 0 0 0 0
iter=214 5.4533e-05 0 0 0 0 0 0 0 0
iter=215 5.1268e-05 0 0 0 0 0 0 0 0
iter=216 4.8199e-05 0 0 0 0 0 0 0 0
iter=217 4.5313e-05 0 0 0 0 0 0 0 0
iter=218 4.2601e-05 0 0 0 0 0 0 0 0
iter=219 4.005e-05 0 0 0 0 0 0 0 0
iter=220 3.7652e-05 0 0 0 0 0 0 0 0
iter=221 3.5398e-05 0 0 0 0 0 0 0 0
iter=222 3.3279e-05 0 0 0 0 0 0 0 0
iter=223 3.1286e-05 0 0 0 0 0 0 0 0
iter=224 2.9413e-05 0 0 0 0 0 0 0 0
iter=225 2.7652e-05 0 0 0 0 0 0 0 0
iter=226 2.5996e-05 0 0 0 0 0 0 0 0
iter=227 2.444e-05 0 0 0 0 0 0 0 0
iter=228 2.2976e-05 0 0 0 0 0 0 0 0
iter=229 2.1601e-05 0 0 0 0 0 0 0 0
iter=230 2.0307e-05 0 0 0 0 0 0 0 0
iter=231 1.9091e-05 0 0 0 0 0 0 0 0
iter=232 1.7948e-05 0 0 0 0 0 0 0 0
iter=233 1.6874e-05 0 0 0 0 0 0 0 0
iter=234 1.5863e-05 0 0 0 0 0 0 0 0
iter=235 1.4913e-05 0 0 0 0 0 0 0 0
iter=236 1.402e-05 0 0 0 0 0 0 0 0
iter=237 1.3181e-05 0 0 0 0 0 0 0 0
iter=238 1.2391e-05 0 0 0 0 0 0 0 0
iter=239 1.1649e-05 0 0 0 0 0 0 0 0
iter=240 1.0952e-05 0 0 0 0 0 0 0 0
iter=241 1.0296e-05 0 0 0 0 0 0 0 0
iter=242 9.6794e-06 0 0 0 0 0 0 0 0
tb_val: V(a,z) value at each state space point
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 -634.35 -633.56 -632.65 -423.4 -339.32 -276.91 -95.527
a2=-18.7931 -595.8 -588.63 -294.93 -206.22 -165.51 -135.48 -51.745
a3=-17.5862 -537.83 -431.16 -208.27 -142 -106.97 -62.849 -37.133
a4=-16.3793 -434.81 -318.94 -152.68 -104.55 -78.499 -45.04 -26.382
a5=-15.1724 -336.6 -237.66 -113.77 -78.074 -58.293 -32.291 -17.999
a6=-13.9655 -255.9 -177.81 -86.17 -59.03 -43.266 -20.923 -12.954
a7=-12.7586 -193.15 -74.394 -43.165 -31.348 -24.088 -15.474 -9.9118
a8=-11.5517 -116.3 -45.153 -28.762 -21.524 -16.828 -12.003 -7.7137
a9=-10.3448 -70.286 -30.803 -20.943 -15.964 -12.571 -9.6 -5.8838
a10=-9.13793 -38.379 -22.649 -16.474 -12.696 -9.9054 -7.4719 -4.3301
a11=-7.93103 -24.506 -17.261 -12.999 -9.9963 -7.6508 -5.6462 -3.0762
a12=-6.72414 -18.68 -14.097 -10.713 -8.1341 -6.0415 -4.2238 -1.9792
a13=-5.51724 -14.648 -11.553 -8.7735 -6.5208 -4.6355 -2.9779 -1.0309
a14=-4.31034 -11.659 -9.4832 -7.1818 -5.1837 -3.4625 -1.9289 -0.1737
a15=-3.10345 -9.3437 -7.6612 -5.8107 -4.0298 -2.4459 -1.0103 0.64455
a16=-1.89655 -7.4362 -6.089 -4.5744 -2.9723 -1.5062 -0.15329 1.4506
a17=-0.689655 -5.8206 -4.7132 -3.3854 -1.9192 -0.54034 0.81337 2.0915
a18=0 -4.7907 -3.7829 -2.624 -1.287 0.0024533 1.2419 2.4014
a19=0.517241 -4.0484 -3.1073 -2.0308 -0.84146 0.36873 1.5082 2.6307
a20=1.72414 -2.8357 -2.0376 -1.127 -0.094338 1.0276 2.1034 3.1502
a21=2.93103 -1.7675 -1.0825 -0.29356 0.59949 1.642 2.6604 3.6441
a22=4.13793 -0.81698 -0.21891 0.47332 1.2489 2.2189 3.1854 4.1193
a23=5.34483 0.038176 0.56768 1.181 1.877 2.7756 3.692 4.5743
a24=6.55172 0.8142 1.2889 1.8418 2.4778 3.3082 4.177 5.0096
a25=7.75862 1.524 1.9556 2.4619 3.0496 3.8159 4.64 5.4266
a26=8.96552 2.1783 2.576 3.0453 3.5925 4.2989 5.0817 5.8285
a27=10.1724 2.7856 3.1563 3.5951 4.1072 4.7584 5.5034 6.221
a28=11.3793 3.3525 3.701 4.1142 4.5953 5.1953 5.9051 6.5963
a29=12.5862 3.884 4.2138 4.6048 5.0581 5.6107 6.2875 6.954
a30=13.7931 4.384 4.6976 5.069 5.497 6.0058 6.6518 7.295
a31=15 4.8556 5.155 5.5087 5.9137 6.3819 6.9992 7.6203
a32=16.2069 5.3015 5.588 5.9257 6.3094 6.7503 7.3386 7.9384
a33=17.4138 5.7237 5.9985 6.3216 6.6875 7.1074 7.6674 8.2468
a34=18.6207 6.1241 6.3883 6.6985 7.0495 7.4521 7.9849 8.5447
a35=19.8276 6.5045 6.7592 7.0581 7.3963 7.784 8.2909 8.8319
a36=21.0345 6.8666 7.1126 7.4017 7.7288 8.1031 8.5855 9.1087
a37=22.2414 7.2117 7.4502 7.7304 8.0477 8.41 8.869 9.3752
a38=23.4483 7.5414 7.773 8.0453 8.3537 8.7049 9.1418 9.6319
a39=24.6552 7.8568 8.0821 8.3473 8.6474 8.9884 9.4044 9.8791
a40=25.8621 8.1589 8.3785 8.6371 8.9297 9.2609 9.6572 10.117
a41=27.069 8.4486 8.6629 8.9153 9.2009 9.5231 9.9007 10.347
a42=28.2759 8.7268 8.9362 9.1828 9.4617 9.7753 10.135 10.568
a43=29.4828 8.9941 9.1989 9.4401 9.7127 10.018 10.362 10.782
a44=30.6897 9.2531 9.4517 9.6877 9.9543 10.252 10.583 10.991
a45=31.8966 9.5062 9.6952 9.9262 10.187 10.478 10.8 11.195
a46=33.1034 9.7505 9.9301 10.156 10.412 10.696 11.011 11.393
a47=34.3103 9.9875 10.16 10.378 10.628 10.907 11.216 11.586
a48=35.5172 10.216 10.384 10.592 10.838 11.111 11.414 11.773
a49=36.7241 10.439 10.601 10.8 11.04 11.309 11.606 11.954
a50=37.931 10.655 10.812 11.001 11.236 11.5 11.792 12.129
a51=39.1379 10.865 11.016 11.2 11.426 11.686 11.972 12.3
a52=40.3448 11.069 11.214 11.392 11.611 11.865 12.147 12.465
a53=41.5517 11.267 11.408 11.581 11.79 12.04 12.317 12.625
a54=42.7586 11.46 11.596 11.763 11.965 12.209 12.481 12.781
a55=43.9655 11.647 11.78 11.942 12.135 12.374 12.641 12.932
a56=45.1724 11.829 11.958 12.116 12.301 12.534 12.797 13.08
a57=46.3793 12.007 12.133 12.285 12.465 12.69 12.948 13.223
a58=47.5862 12.18 12.302 12.45 12.625 12.843 13.096 13.364
a59=48.7931 12.349 12.468 12.612 12.781 12.993 13.24 13.501
a60=50 12.513 12.629 12.769 12.934 13.139 13.38 13.636
tb_pol_a: optimal asset choice for each state space point
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 -20 -20 -20 -18.793
a2=-18.7931 -20 -20 -18.793 -18.793 -18.793 -18.793 -17.586
a3=-17.5862 -18.793 -18.793 -17.586 -17.586 -17.586 -16.379 -16.379
a4=-16.3793 -17.586 -17.586 -16.379 -16.379 -16.379 -15.172 -15.172
a5=-15.1724 -16.379 -16.379 -15.172 -15.172 -15.172 -13.966 -13.966
a6=-13.9655 -15.172 -15.172 -13.966 -13.966 -13.966 -12.759 -12.759
a7=-12.7586 -13.966 -12.759 -12.759 -12.759 -12.759 -11.552 -11.552
a8=-11.5517 -12.759 -11.552 -11.552 -11.552 -11.552 -10.345 -10.345
a9=-10.3448 -11.552 -10.345 -10.345 -10.345 -10.345 -9.1379 -9.1379
a10=-9.13793 -9.1379 -9.1379 -9.1379 -9.1379 -9.1379 -7.931 -7.931
a11=-7.93103 -7.931 -7.931 -7.931 -7.931 -7.931 -7.931 -6.7241
a12=-6.72414 -7.931 -6.7241 -6.7241 -6.7241 -6.7241 -6.7241 -5.5172
a13=-5.51724 -6.7241 -5.5172 -5.5172 -5.5172 -5.5172 -5.5172 -4.3103
a14=-4.31034 -5.5172 -5.5172 -4.3103 -4.3103 -4.3103 -4.3103 -3.1034
a15=-3.10345 -4.3103 -4.3103 -3.1034 -3.1034 -3.1034 -3.1034 -1.8966
a16=-1.89655 -3.1034 -3.1034 -1.8966 -1.8966 -1.8966 -1.8966 -0.68966
a17=-0.689655 -1.8966 -1.8966 -0.68966 -0.68966 -0.68966 0 0
a18=0 -0.68966 -0.68966 -0.68966 0 0 0.51724 0.51724
a19=0.517241 0 0 0 0.51724 0.51724 0.51724 1.7241
a20=1.72414 0.51724 0.51724 0.51724 1.7241 1.7241 1.7241 2.931
a21=2.93103 1.7241 1.7241 1.7241 2.931 2.931 2.931 4.1379
a22=4.13793 2.931 2.931 2.931 2.931 4.1379 4.1379 5.3448
a23=5.34483 4.1379 4.1379 4.1379 4.1379 5.3448 5.3448 6.5517
a24=6.55172 5.3448 5.3448 5.3448 5.3448 6.5517 6.5517 7.7586
a25=7.75862 6.5517 6.5517 6.5517 6.5517 7.7586 7.7586 8.9655
a26=8.96552 7.7586 7.7586 7.7586 7.7586 8.9655 8.9655 10.172
a27=10.1724 8.9655 8.9655 8.9655 8.9655 10.172 10.172 10.172
a28=11.3793 10.172 10.172 10.172 10.172 11.379 11.379 11.379
a29=12.5862 11.379 11.379 11.379 11.379 12.586 12.586 12.586
a30=13.7931 12.586 12.586 12.586 12.586 13.793 13.793 13.793
a31=15 13.793 13.793 13.793 13.793 13.793 15 15
a32=16.2069 15 15 15 15 15 16.207 16.207
a33=17.4138 16.207 16.207 16.207 16.207 16.207 17.414 17.414
a34=18.6207 17.414 17.414 17.414 17.414 17.414 18.621 18.621
a35=19.8276 18.621 18.621 18.621 18.621 18.621 19.828 19.828
a36=21.0345 19.828 19.828 19.828 19.828 19.828 21.034 21.034
a37=22.2414 21.034 21.034 21.034 21.034 21.034 22.241 22.241
a38=23.4483 22.241 22.241 22.241 22.241 22.241 23.448 23.448
a39=24.6552 23.448 23.448 23.448 23.448 23.448 24.655 24.655
a40=25.8621 24.655 24.655 24.655 24.655 24.655 25.862 25.862
a41=27.069 25.862 25.862 25.862 25.862 25.862 27.069 27.069
a42=28.2759 27.069 27.069 27.069 27.069 27.069 28.276 28.276
a43=29.4828 28.276 28.276 28.276 28.276 28.276 29.483 29.483
a44=30.6897 28.276 29.483 29.483 29.483 29.483 29.483 30.69
a45=31.8966 29.483 30.69 30.69 30.69 30.69 30.69 31.897
a46=33.1034 30.69 31.897 31.897 31.897 31.897 31.897 33.103
a47=34.3103 31.897 31.897 33.103 33.103 33.103 33.103 34.31
a48=35.5172 33.103 33.103 34.31 34.31 34.31 34.31 35.517
a49=36.7241 34.31 34.31 35.517 35.517 35.517 35.517 36.724
a50=37.931 35.517 35.517 35.517 36.724 36.724 36.724 37.931
a51=39.1379 36.724 36.724 36.724 37.931 37.931 37.931 39.138
a52=40.3448 37.931 37.931 37.931 39.138 39.138 39.138 40.345
a53=41.5517 39.138 39.138 39.138 40.345 40.345 40.345 41.552
a54=42.7586 40.345 40.345 40.345 41.552 41.552 41.552 42.759
a55=43.9655 41.552 41.552 41.552 42.759 42.759 42.759 43.966
a56=45.1724 42.759 42.759 42.759 42.759 43.966 43.966 45.172
a57=46.3793 43.966 43.966 43.966 43.966 45.172 45.172 46.379
a58=47.5862 45.172 45.172 45.172 45.172 46.379 46.379 47.586
a59=48.7931 46.379 46.379 46.379 46.379 47.586 47.586 48.793
a60=50 47.586 47.586 47.586 47.586 48.793 48.793 48.793
mt_pol_b_bridge_print: bridge loans
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0 0
a2=-18.7931 0 0 0 0 0 0 0
a3=-17.5862 0 0 0 0 0 0 0
a4=-16.3793 0 0 0 0 0 0 0
a5=-15.1724 0 0 0 0 0 0 0
a6=-13.9655 0 0 0 0 0 0 0
a7=-12.7586 0 0 0 0 0 0 0
a8=-11.5517 0 0 0 0 0 0 0
a9=-10.3448 0 0 0 0 0 0 0
a10=-9.13793 0 0 0 0 0 0 0
a11=-7.93103 0 0 0 0 0 0 0
a12=-6.72414 0 0 0 0 0 0 0
a13=-5.51724 0 0 0 0 0 0 0
a14=-4.31034 0 0 0 0 0 0 0
a15=-3.10345 0 0 0 0 0 0 0
a16=-1.89655 0 0 0 0 0 0 0
a17=-0.689655 0 0 0 0 0 0 0
a18=0 0 0 0 0 0 0 0
a19=0.517241 0 0 0 0 0 0 0
a20=1.72414 0 0 0 0 0 0 0
a21=2.93103 0 0 0 0 0 0 0
a22=4.13793 0 0 0 0 0 0 0
a23=5.34483 0 0 0 0 0 0 0
a24=6.55172 0 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_inf_borr_nobridge_print: bridge loans
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 -0.335 -0.335 -0.335 0
a2=-18.7931 -0.335 -0.335 0 0 0 0 0
a3=-17.5862 0 0 0 0 0 -1.3718 -1.3718
a4=-16.3793 0 0 -1.3718 -1.3718 -1.3718 -0.16491 -0.16491
a5=-15.1724 -1.3718 -1.3718 -0.16491 -0.16491 -0.16491 0 0
a6=-13.9655 -0.16491 -0.16491 0 0 0 0 0
a7=-12.7586 0 0 0 0 0 -1.2017 -1.2017
a8=-11.5517 0 -1.2017 -1.2017 -1.2017 -1.2017 0 0
a9=-10.3448 -1.2017 0 0 0 0 0 0
a10=-9.13793 0 0 0 0 0 -0.68603 -0.68603
a11=-7.93103 -0.68603 -0.68603 -0.68603 -0.68603 -0.68603 -0.68603 0
a12=-6.72414 -0.68603 0 0 0 0 0 0
a13=-5.51724 0 0 0 0 0 0 -0.17034
a14=-4.31034 0 0 -0.17034 -0.17034 -0.17034 -0.17034 -0.51595
a15=-3.10345 -0.17034 -0.17034 -0.51595 -0.51595 -0.51595 -0.51595 0
a16=-1.89655 -0.51595 -0.51595 0 0 0 0 0
a17=-0.689655 0 0 0 0 0 0 0
a18=0 0 0 0 0 0 0 0
a19=0.517241 0 0 0 0 0 0 0
a20=1.72414 0 0 0 0 0 0 0
a21=2.93103 0 0 0 0 0 0 0
a22=4.13793 0 0 0 0 0 0 0
a23=5.34483 0 0 0 0 0 0 0
a24=6.55172 0 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_for_borr_print: formal borrowing
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 -19.665 -19.665 -19.665 -19.665
a2=-18.7931 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665
a3=-17.5862 -19.665 -19.665 -19.665 -19.665 -19.665 -15.007 -15.007
a4=-16.3793 -19.665 -19.665 -15.007 -15.007 -15.007 -15.007 -15.007
a5=-15.1724 -15.007 -15.007 -15.007 -15.007 -15.007 -15.007 -15.007
a6=-13.9655 -15.007 -15.007 -15.007 -15.007 -15.007 -15.007 -15.007
a7=-12.7586 -15.007 -15.007 -15.007 -15.007 -15.007 -10.35 -10.35
a8=-11.5517 -15.007 -10.35 -10.35 -10.35 -10.35 -10.35 -10.35
a9=-10.3448 -10.35 -10.35 -10.35 -10.35 -10.35 -10.35 -10.35
a10=-9.13793 -10.35 -10.35 -10.35 -10.35 -10.35 -7.245 -7.245
a11=-7.93103 -7.245 -7.245 -7.245 -7.245 -7.245 -7.245 -7.245
a12=-6.72414 -7.245 -7.245 -7.245 -7.245 -7.245 -7.245 -5.6925
a13=-5.51724 -7.245 -5.6925 -5.6925 -5.6925 -5.6925 -5.6925 -4.14
a14=-4.31034 -5.6925 -5.6925 -4.14 -4.14 -4.14 -4.14 -2.5875
a15=-3.10345 -4.14 -4.14 -2.5875 -2.5875 -2.5875 -2.5875 -2.5875
a16=-1.89655 -2.5875 -2.5875 -2.5875 -2.5875 -2.5875 -2.5875 -1.035
a17=-0.689655 -2.5875 -2.5875 -1.035 -1.035 -1.035 0 0
a18=0 -1.035 -1.035 -1.035 0 0 0 0
a19=0.517241 0 0 0 0 0 0 0
a20=1.72414 0 0 0 0 0 0 0
a21=2.93103 0 0 0 0 0 0 0
a22=4.13793 0 0 0 0 0 0 0
a23=5.34483 0 0 0 0 0 0 0
a24=6.55172 0 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_for_save_print: formal savings
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0 0.8719
a2=-18.7931 0 0 0.8719 0.8719 0.8719 0.8719 2.0788
a3=-17.5862 0.8719 0.8719 2.0788 2.0788 2.0788 0 0
a4=-16.3793 2.0788 2.0788 0 0 0 0 0
a5=-15.1724 0 0 0 0 0 1.042 1.042
a6=-13.9655 0 0 1.042 1.042 1.042 2.2489 2.2489
a7=-12.7586 1.042 2.2489 2.2489 2.2489 2.2489 0 0
a8=-11.5517 2.2489 0 0 0 0 0.0051724 0.0051724
a9=-10.3448 0 0.0051724 0.0051724 0.0051724 0.0051724 1.2121 1.2121
a10=-9.13793 1.2121 1.2121 1.2121 1.2121 1.2121 0 0
a11=-7.93103 0 0 0 0 0 0 0.52086
a12=-6.72414 0 0.52086 0.52086 0.52086 0.52086 0.52086 0.17526
a13=-5.51724 0.52086 0.17526 0.17526 0.17526 0.17526 0.17526 0
a14=-4.31034 0.17526 0.17526 0 0 0 0 0
a15=-3.10345 0 0 0 0 0 0 0.69095
a16=-1.89655 0 0 0.69095 0.69095 0.69095 0.69095 0.34534
a17=-0.689655 0.69095 0.69095 0.34534 0.34534 0.34534 0 0
a18=0 0.34534 0.34534 0.34534 0 0 0.51724 0.51724
a19=0.517241 0 0 0 0.51724 0.51724 0.51724 1.7241
a20=1.72414 0.51724 0.51724 0.51724 1.7241 1.7241 1.7241 2.931
a21=2.93103 1.7241 1.7241 1.7241 2.931 2.931 2.931 4.1379
a22=4.13793 2.931 2.931 2.931 2.931 4.1379 4.1379 5.3448
a23=5.34483 4.1379 4.1379 4.1379 4.1379 5.3448 5.3448 6.5517
a24=6.55172 5.3448 5.3448 5.3448 5.3448 6.5517 6.5517 7.7586
a25=7.75862 6.5517 6.5517 6.5517 6.5517 7.7586 7.7586 8.9655
a26=8.96552 7.7586 7.7586 7.7586 7.7586 8.9655 8.9655 10.172
a27=10.1724 8.9655 8.9655 8.9655 8.9655 10.172 10.172 10.172
a28=11.3793 10.172 10.172 10.172 10.172 11.379 11.379 11.379
a29=12.5862 11.379 11.379 11.379 11.379 12.586 12.586 12.586
a30=13.7931 12.586 12.586 12.586 12.586 13.793 13.793 13.793
a31=15 13.793 13.793 13.793 13.793 13.793 15 15
a32=16.2069 15 15 15 15 15 16.207 16.207
a33=17.4138 16.207 16.207 16.207 16.207 16.207 17.414 17.414
a34=18.6207 17.414 17.414 17.414 17.414 17.414 18.621 18.621
a35=19.8276 18.621 18.621 18.621 18.621 18.621 19.828 19.828
a36=21.0345 19.828 19.828 19.828 19.828 19.828 21.034 21.034
a37=22.2414 21.034 21.034 21.034 21.034 21.034 22.241 22.241
a38=23.4483 22.241 22.241 22.241 22.241 22.241 23.448 23.448
a39=24.6552 23.448 23.448 23.448 23.448 23.448 24.655 24.655
a40=25.8621 24.655 24.655 24.655 24.655 24.655 25.862 25.862
a41=27.069 25.862 25.862 25.862 25.862 25.862 27.069 27.069
a42=28.2759 27.069 27.069 27.069 27.069 27.069 28.276 28.276
a43=29.4828 28.276 28.276 28.276 28.276 28.276 29.483 29.483
a44=30.6897 28.276 29.483 29.483 29.483 29.483 29.483 30.69
a45=31.8966 29.483 30.69 30.69 30.69 30.69 30.69 31.897
a46=33.1034 30.69 31.897 31.897 31.897 31.897 31.897 33.103
a47=34.3103 31.897 31.897 33.103 33.103 33.103 33.103 34.31
a48=35.5172 33.103 33.103 34.31 34.31 34.31 34.31 35.517
a49=36.7241 34.31 34.31 35.517 35.517 35.517 35.517 36.724
a50=37.931 35.517 35.517 35.517 36.724 36.724 36.724 37.931
a51=39.1379 36.724 36.724 36.724 37.931 37.931 37.931 39.138
a52=40.3448 37.931 37.931 37.931 39.138 39.138 39.138 40.345
a53=41.5517 39.138 39.138 39.138 40.345 40.345 40.345 41.552
a54=42.7586 40.345 40.345 40.345 41.552 41.552 41.552 42.759
a55=43.9655 41.552 41.552 41.552 42.759 42.759 42.759 43.966
a56=45.1724 42.759 42.759 42.759 42.759 43.966 43.966 45.172
a57=46.3793 43.966 43.966 43.966 43.966 45.172 45.172 46.379
a58=47.5862 45.172 45.172 45.172 45.172 46.379 46.379 47.586
a59=48.7931 46.379 46.379 46.379 46.379 47.586 47.586 48.793
a60=50 47.586 47.586 47.586 47.586 48.793 48.793 48.793
Save/Borrow, Can Default, No Bridge: cmin = 1, degenerate, borrow to max
Default is allowed, borrowing is allowed, minimum consumption = 1, very high. Always defaulting, distribution degenerate.
[param_map, support_map] = ffs_abz_fibs_set_default_param(it_param_set); % allow for borrowing, when using a very large negative value for fl_b_bd % that means the natural borrowing constraint will bind. param_map('fl_b_bd') = -20; param_map('bl_default') = 1; param_map('fl_c_min') = 1; % shared parameters param_map('fl_a_min') = 0; param_map('fl_a_max') = fl_a_max; param_map('it_a_n') = it_a_n; param_map('fl_r_save') = fl_r_save; param_map('fl_r_borr') = fl_r_borr; param_map('fl_w') = fl_w; % solution param_map('it_z_n') = it_z_n; param_map('it_maxiter_val') = it_maxiter_val; % Display Parameters support_map('bl_display') = bl_display; support_map('bl_post') = bl_post; support_map('bl_display_final') = bl_display_final; % Call Program ff_abz_fibs_vf_vecsv(param_map, support_map); % Snap snapnow; close all;
Elapsed time is 0.105458 seconds.
valgap = norm(mt_val - mt_val_cur): value function difference across iterations
polgap = norm(mt_pol_a - mt_pol_a_cur): policy function difference across iterations
z1 = z1 perc change: sum((mt_pol_a ~= mt_pol_a_cur))/(it_a_n): percentage of state space points conditional on shock where the policy function is changing across iterations
valgap polgap z1 z2 z3 z4 z5 z6 z7
__________ ______ ________ ________ ________ ________ ________ ________ ________
iter=1 32.42 385.42 1 1 1 1 1 1 1
iter=2 25.472 425.95 0.96667 0.98333 0.98333 0.98333 0.98333 1 1
iter=3 21.562 138.04 0.91667 0.91667 0.91667 0.93333 0.93333 0.95 0.96667
iter=4 18.902 96.356 0.81667 0.85 0.86667 0.88333 0.9 0.9 0.93333
iter=5 16.593 55.625 0.83333 0.83333 0.83333 0.83333 0.83333 0.86667 0.85
iter=6 14.789 40.974 0.75 0.73333 0.71667 0.73333 0.73333 0.76667 0.8
iter=7 13.459 27.11 0.68333 0.66667 0.65 0.63333 0.65 0.65 0.66667
iter=8 12.413 19.91 0.6 0.58333 0.55 0.55 0.58333 0.58333 0.58333
iter=9 11.496 31.083 0.48333 0.5 0.5 0.46667 0.5 0.58333 0.5
iter=10 10.673 23.663 0.45 0.43333 0.45 0.51667 0.43333 0.53333 0.5
iter=11 10.056 23.41 0.36667 0.38333 0.43333 0.45 0.4 0.51667 0.43333
iter=12 9.5295 22.042 0.36667 0.38333 0.41667 0.45 0.4 0.51667 0.41667
iter=13 8.9577 22.167 0.38333 0.4 0.35 0.43333 0.35 0.46667 0.4
iter=14 8.3313 16.243 0.36667 0.38333 0.36667 0.4 0.38333 0.41667 0.38333
iter=15 7.8538 22.512 0.35 0.36667 0.35 0.35 0.35 0.4 0.4
iter=16 7.4467 12.722 0.33333 0.3 0.3 0.35 0.33333 0.38333 0.43333
iter=17 6.9981 22.21 0.35 0.35 0.31667 0.26667 0.31667 0.4 0.43333
iter=18 6.5043 13.456 0.3 0.33333 0.33333 0.28333 0.33333 0.33333 0.33333
iter=19 6.1332 21.612 0.31667 0.3 0.31667 0.28333 0.3 0.23333 0.4
iter=20 5.8201 10.775 0.28333 0.3 0.28333 0.28333 0.3 0.23333 0.4
iter=21 5.4661 21.564 0.31667 0.23333 0.25 0.2 0.23333 0.23333 0.36667
iter=22 5.0779 10.838 0.31667 0.26667 0.23333 0.23333 0.33333 0.2 0.35
iter=23 4.7899 20.893 0.26667 0.23333 0.23333 0.2 0.3 0.15 0.36667
iter=24 4.5478 9.1318 0.23333 0.26667 0.21667 0.18333 0.3 0.15 0.36667
iter=25 4.2686 21.014 0.26667 0.25 0.18333 0.16667 0.23333 0.15 0.33333
iter=26 3.9645 9.6931 0.28333 0.23333 0.16667 0.15 0.31667 0.15 0.36667
iter=27 3.7408 20.796 0.23333 0.21667 0.16667 0.083333 0.3 0.1 0.35
iter=28 3.5519 7.7019 0.18333 0.23333 0.13333 0.083333 0.28333 0.05 0.38333
iter=29 3.3334 20.763 0.21667 0.21667 0.1 0.066667 0.23333 0.1 0.31667
iter=30 3.0955 8.8358 0.25 0.25 0.11667 0.083333 0.26667 0.066667 0.35
iter=31 2.9215 20.181 0.2 0.16667 0.13333 0.066667 0.33333 0.05 0.33333
iter=32 2.7739 7.0733 0.15 0.18333 0.13333 0.1 0.25 0.066667 0.28333
iter=33 2.6029 20.361 0.15 0.2 0.083333 0.033333 0.18333 0.083333 0.25
iter=34 2.4171 6.5377 0.18333 0.2 0.1 0.05 0.2 0.05 0.35
iter=35 2.2817 20.145 0.11667 0.16667 0.083333 0.016667 0.28333 0.033333 0.25
iter=36 2.166 6.154 0.13333 0.15 0.1 0.033333 0.15 0.033333 0.25
iter=37 2.0324 20.253 0.11667 0.16667 0.083333 0.05 0.16667 0.083333 0.21667
iter=38 1.8875 6.2141 0.16667 0.18333 0.083333 0.033333 0.11667 0.05 0.31667
iter=39 1.7817 20.145 0.11667 0.11667 0.066667 0.016667 0.25 0.033333 0.15
iter=40 1.6911 5.2399 0.11667 0.083333 0.1 0.016667 0.13333 0.033333 0.18333
iter=41 1.587 20.181 0.083333 0.11667 0.033333 0.033333 0.15 0.05 0.25
iter=42 1.4738 4.2993 0.11667 0.11667 0.05 0.033333 0.083333 0 0.2
iter=43 1.3911 20.145 0.083333 0.083333 0.016667 0.016667 0.2 0.033333 0.1
iter=44 1.3203 20.036 0.11667 0.083333 0.05 0 0.1 0.033333 0.18333
iter=45 1.239 5.0995 0.1 0.083333 0.033333 0 0.15 0.033333 0.21667
iter=46 1.1508 3.6876 0.1 0.083333 0.033333 0.016667 0.066667 0 0.15
iter=47 1.0862 5.1531 0.066667 0.066667 0.016667 0.016667 0.16667 0.016667 0.066667
iter=48 1.0309 5.0129 0.1 0.066667 0.033333 0 0.066667 0 0.18333
iter=49 0.96739 3.9406 0.1 0.066667 0.016667 0 0.1 0.016667 0.15
iter=50 0.89858 3.1828 0.1 0.05 0.033333 0 0.066667 0 0.066667
iter=186 0.00019931 0 0 0 0 0 0 0 0
iter=187 0.00018772 0 0 0 0 0 0 0 0
iter=188 0.00017805 0 0 0 0 0 0 0 0
iter=189 0.00016733 0 0 0 0 0 0 0 0
iter=190 0.00015562 0 0 0 0 0 0 0 0
iter=191 0.00014656 0 0 0 0 0 0 0 0
iter=192 0.000139 0 0 0 0 0 0 0 0
iter=193 0.00013064 0 0 0 0 0 0 0 0
iter=194 0.0001215 0 0 0 0 0 0 0 0
iter=195 0.00011442 0 0 0 0 0 0 0 0
iter=196 0.00010852 0 0 0 0 0 0 0 0
iter=197 0.000102 0 0 0 0 0 0 0 0
iter=198 9.4866e-05 0 0 0 0 0 0 0 0
iter=199 8.9334e-05 0 0 0 0 0 0 0 0
iter=200 8.4725e-05 0 0 0 0 0 0 0 0
iter=201 7.9634e-05 0 0 0 0 0 0 0 0
iter=202 7.4069e-05 0 0 0 0 0 0 0 0
iter=203 6.9746e-05 0 0 0 0 0 0 0 0
iter=204 6.6146e-05 0 0 0 0 0 0 0 0
iter=205 6.2174e-05 0 0 0 0 0 0 0 0
iter=206 5.7831e-05 0 0 0 0 0 0 0 0
iter=207 5.4454e-05 0 0 0 0 0 0 0 0
iter=208 5.1642e-05 0 0 0 0 0 0 0 0
iter=209 4.8542e-05 0 0 0 0 0 0 0 0
iter=210 4.5152e-05 0 0 0 0 0 0 0 0
iter=211 4.2514e-05 0 0 0 0 0 0 0 0
iter=212 4.0318e-05 0 0 0 0 0 0 0 0
iter=213 3.7899e-05 0 0 0 0 0 0 0 0
iter=214 3.5254e-05 0 0 0 0 0 0 0 0
iter=215 3.3192e-05 0 0 0 0 0 0 0 0
iter=216 3.1477e-05 0 0 0 0 0 0 0 0
iter=217 2.9589e-05 0 0 0 0 0 0 0 0
iter=218 2.7525e-05 0 0 0 0 0 0 0 0
iter=219 2.5915e-05 0 0 0 0 0 0 0 0
iter=220 2.4574e-05 0 0 0 0 0 0 0 0
iter=221 2.3101e-05 0 0 0 0 0 0 0 0
iter=222 2.1491e-05 0 0 0 0 0 0 0 0
iter=223 2.0233e-05 0 0 0 0 0 0 0 0
iter=224 1.9186e-05 0 0 0 0 0 0 0 0
iter=225 1.8036e-05 0 0 0 0 0 0 0 0
iter=226 1.6779e-05 0 0 0 0 0 0 0 0
iter=227 1.5796e-05 0 0 0 0 0 0 0 0
iter=228 1.4979e-05 0 0 0 0 0 0 0 0
iter=229 1.4082e-05 0 0 0 0 0 0 0 0
iter=230 1.3101e-05 0 0 0 0 0 0 0 0
iter=231 1.2333e-05 0 0 0 0 0 0 0 0
iter=232 1.1694e-05 0 0 0 0 0 0 0 0
iter=233 1.0994e-05 0 0 0 0 0 0 0 0
iter=234 1.0229e-05 0 0 0 0 0 0 0 0
iter=235 9.6288e-06 0 0 0 0 0 0 0 0
tb_val: V(a,z) value at each state space point
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 15.066 15.095 15.13 15.17 15.215 15.268 15.325
a2=-18.7931 15.066 15.095 15.13 15.17 15.215 15.268 15.325
a3=-17.5862 15.066 15.095 15.13 15.17 15.215 15.272 15.404
a4=-16.3793 15.076 15.122 15.178 15.245 15.324 15.416 15.517
a5=-15.1724 15.236 15.273 15.319 15.373 15.438 15.514 15.598
a6=-13.9655 15.342 15.375 15.415 15.463 15.52 15.586 15.66
a7=-12.7586 15.419 15.449 15.486 15.53 15.582 15.642 15.709
a8=-11.5517 15.478 15.507 15.542 15.583 15.631 15.687 15.771
a9=-10.3448 15.525 15.553 15.586 15.625 15.671 15.748 15.849
a10=-9.13793 15.563 15.59 15.623 15.667 15.738 15.821 15.915
a11=-7.93103 15.618 15.654 15.699 15.752 15.815 15.89 15.974
a12=-6.72414 15.691 15.725 15.767 15.816 15.876 15.946 16.025
a13=-5.51724 15.763 15.795 15.834 15.88 15.935 16 16.084
a14=-4.31034 15.82 15.851 15.888 15.932 15.984 16.047 16.151
a15=-3.10345 15.876 15.905 15.94 15.982 16.031 16.117 16.215
a16=-1.89655 15.922 15.95 15.984 16.036 16.104 16.183 16.272
a17=-0.689655 15.966 16 16.045 16.099 16.163 16.24 16.325
a18=0 16.005 16.04 16.084 16.136 16.197 16.27 16.357
a19=0.517241 16.033 16.068 16.11 16.161 16.222 16.295 16.38
a20=1.72414 16.102 16.134 16.174 16.222 16.278 16.346 16.442
a21=2.93103 16.156 16.188 16.226 16.272 16.327 16.403 16.503
a22=4.13793 16.21 16.24 16.276 16.32 16.384 16.466 16.557
a23=5.34483 16.262 16.291 16.326 16.376 16.443 16.523 16.613
a24=6.55172 16.306 16.341 16.385 16.439 16.502 16.578 16.665
a25=7.75862 16.367 16.401 16.444 16.495 16.556 16.63 16.722
a26=8.96552 16.431 16.464 16.504 16.553 16.61 16.682 16.778
a27=10.1724 16.483 16.515 16.554 16.601 16.658 16.74 16.833
a28=11.3793 16.534 16.565 16.603 16.65 16.714 16.795 16.885
a29=12.5862 16.585 16.614 16.653 16.705 16.771 16.849 16.937
a30=13.7931 16.635 16.666 16.709 16.762 16.824 16.901 16.99
a31=15 16.688 16.723 16.765 16.816 16.877 16.952 17.043
a32=16.2069 16.749 16.782 16.823 16.871 16.929 17.004 17.096
a33=17.4138 16.799 16.831 16.871 16.918 16.977 17.057 17.147
a34=18.6207 16.848 16.879 16.918 16.967 17.031 17.11 17.198
a35=19.8276 16.897 16.927 16.968 17.019 17.083 17.16 17.248
a36=21.0345 16.945 16.979 17.021 17.073 17.134 17.211 17.299
a37=22.2414 16.999 17.033 17.075 17.125 17.185 17.261 17.349
a38=23.4483 17.056 17.089 17.13 17.178 17.236 17.309 17.399
a39=24.6552 17.105 17.136 17.176 17.223 17.282 17.361 17.449
a40=25.8621 17.152 17.183 17.222 17.271 17.333 17.41 17.497
a41=27.069 17.199 17.229 17.27 17.321 17.383 17.459 17.546
a42=28.2759 17.246 17.28 17.322 17.372 17.432 17.508 17.594
a43=29.4828 17.298 17.332 17.373 17.422 17.481 17.556 17.642
a44=30.6897 17.353 17.385 17.425 17.473 17.53 17.603 17.69
a45=31.8966 17.4 17.431 17.47 17.517 17.576 17.651 17.737
a46=33.1034 17.445 17.476 17.515 17.563 17.623 17.698 17.784
a47=34.3103 17.49 17.521 17.562 17.611 17.671 17.746 17.83
a48=35.5172 17.537 17.57 17.611 17.66 17.719 17.793 17.877
a49=36.7241 17.587 17.62 17.66 17.708 17.766 17.839 17.923
a50=37.931 17.639 17.671 17.71 17.757 17.814 17.884 17.968
a51=39.1379 17.684 17.715 17.753 17.8 17.857 17.93 18.014
a52=40.3448 17.728 17.758 17.797 17.845 17.902 17.976 18.059
a53=41.5517 17.772 17.802 17.842 17.89 17.949 18.021 18.104
a54=42.7586 17.817 17.85 17.89 17.937 17.995 18.066 18.148
a55=43.9655 17.865 17.897 17.937 17.984 18.04 18.111 18.192
a56=45.1724 17.914 17.946 17.984 18.031 18.086 18.154 18.236
a57=46.3793 17.958 17.989 18.026 18.072 18.128 18.198 18.28
a58=47.5862 18.001 18.031 18.069 18.115 18.172 18.242 18.323
a59=48.7931 18.043 18.073 18.112 18.159 18.216 18.286 18.366
a60=50 18.087 18.119 18.158 18.204 18.26 18.329 18.409
tb_pol_a: optimal asset choice for each state space point
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0 0
a2=-18.7931 0 0 0 0 0 0 0
a3=-17.5862 0 0 0 0 0 -20 -20
a4=-16.3793 -20 -20 -20 -20 -20 -20 -20
a5=-15.1724 -20 -20 -20 -20 -20 -20 -20
a6=-13.9655 -20 -20 -20 -20 -20 -20 -20
a7=-12.7586 -20 -20 -20 -20 -20 -20 -20
a8=-11.5517 -20 -20 -20 -20 -20 -20 -15.172
a9=-10.3448 -20 -20 -20 -20 -20 -15.172 -15.172
a10=-9.13793 -20 -20 -20 -13.966 -13.966 -13.966 -13.966
a11=-7.93103 -13.966 -13.966 -13.966 -13.966 -13.966 -13.966 -13.966
a12=-6.72414 -13.966 -13.966 -13.966 -12.759 -12.759 -12.759 -12.759
a13=-5.51724 -12.759 -12.759 -12.759 -12.759 -12.759 -12.759 -10.345
a14=-4.31034 -11.552 -11.552 -11.552 -11.552 -11.552 -11.552 -9.1379
a15=-3.10345 -11.552 -11.552 -11.552 -11.552 -11.552 -7.931 -7.931
a16=-1.89655 -10.345 -10.345 -10.345 -7.931 -7.931 -7.931 -7.931
a17=-0.689655 -10.345 -6.7241 -6.7241 -6.7241 -6.7241 -6.7241 -6.7241
a18=0 -6.7241 -6.7241 -6.7241 -6.7241 -6.7241 -6.7241 -5.5172
a19=0.517241 -5.5172 -5.5172 -5.5172 -5.5172 -5.5172 -5.5172 -5.5172
a20=1.72414 -5.5172 -5.5172 -5.5172 -5.5172 -5.5172 -5.5172 -3.1034
a21=2.93103 -4.3103 -4.3103 -4.3103 -4.3103 -4.3103 -1.8966 -1.8966
a22=4.13793 -3.1034 -3.1034 -3.1034 -3.1034 -1.8966 -1.8966 -1.8966
a23=5.34483 -3.1034 -3.1034 -3.1034 -0.68966 -0.68966 -0.68966 0
a24=6.55172 -1.8966 0 0 0 0 0.51724 1.7241
a25=7.75862 0.51724 0.51724 0.51724 1.7241 1.7241 1.7241 2.931
a26=8.96552 1.7241 1.7241 1.7241 1.7241 1.7241 2.931 4.1379
a27=10.1724 2.931 2.931 2.931 2.931 4.1379 4.1379 5.3448
a28=11.3793 2.931 2.931 4.1379 4.1379 5.3448 5.3448 5.3448
a29=12.5862 4.1379 4.1379 5.3448 6.5517 6.5517 6.5517 7.7586
a30=13.7931 5.3448 6.5517 6.5517 6.5517 7.7586 7.7586 8.9655
a31=15 7.7586 7.7586 7.7586 7.7586 8.9655 8.9655 10.172
a32=16.2069 8.9655 8.9655 8.9655 8.9655 8.9655 10.172 11.379
a33=17.4138 10.172 10.172 10.172 10.172 11.379 11.379 12.586
a34=18.6207 10.172 10.172 11.379 11.379 12.586 12.586 12.586
a35=19.8276 11.379 12.586 12.586 12.586 13.793 13.793 15
a36=21.0345 13.793 13.793 13.793 13.793 15 15 15
a37=22.2414 15 15 15 15 16.207 16.207 17.414
a38=23.4483 16.207 16.207 16.207 16.207 16.207 17.414 18.621
a39=24.6552 16.207 16.207 17.414 17.414 18.621 18.621 18.621
a40=25.8621 17.414 17.414 18.621 18.621 19.828 19.828 19.828
a41=27.069 18.621 19.828 19.828 19.828 21.034 21.034 21.034
a42=28.2759 21.034 21.034 21.034 21.034 22.241 22.241 22.241
a43=29.4828 22.241 22.241 22.241 22.241 23.448 23.448 24.655
a44=30.6897 23.448 23.448 23.448 23.448 23.448 24.655 24.655
a45=31.8966 23.448 23.448 24.655 24.655 24.655 25.862 25.862
a46=33.1034 24.655 24.655 25.862 25.862 25.862 27.069 27.069
a47=34.3103 25.862 27.069 27.069 27.069 28.276 28.276 28.276
a48=35.5172 28.276 28.276 28.276 28.276 28.276 29.483 29.483
a49=36.7241 29.483 29.483 29.483 29.483 30.69 30.69 30.69
a50=37.931 30.69 30.69 30.69 30.69 30.69 31.897 31.897
a51=39.1379 30.69 30.69 31.897 31.897 31.897 33.103 33.103
a52=40.3448 31.897 31.897 33.103 33.103 33.103 34.31 34.31
a53=41.5517 33.103 34.31 34.31 34.31 34.31 35.517 35.517
a54=42.7586 35.517 35.517 35.517 35.517 35.517 36.724 36.724
a55=43.9655 36.724 36.724 36.724 36.724 36.724 37.931 37.931
a56=45.1724 37.931 37.931 37.931 37.931 37.931 39.138 39.138
a57=46.3793 37.931 37.931 39.138 39.138 39.138 40.345 40.345
a58=47.5862 39.138 39.138 40.345 40.345 40.345 41.552 41.552
a59=48.7931 40.345 41.552 41.552 41.552 41.552 42.759 42.759
a60=50 42.759 42.759 42.759 42.759 42.759 43.966 43.966
mt_pol_b_bridge_print: bridge loans
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0 0
a2=-18.7931 0 0 0 0 0 0 0
a3=-17.5862 0 0 0 0 0 0 0
a4=-16.3793 0 0 0 0 0 0 0
a5=-15.1724 0 0 0 0 0 0 0
a6=-13.9655 0 0 0 0 0 0 0
a7=-12.7586 0 0 0 0 0 0 0
a8=-11.5517 0 0 0 0 0 0 0
a9=-10.3448 0 0 0 0 0 0 0
a10=-9.13793 0 0 0 0 0 0 0
a11=-7.93103 0 0 0 0 0 0 0
a12=-6.72414 0 0 0 0 0 0 0
a13=-5.51724 0 0 0 0 0 0 0
a14=-4.31034 0 0 0 0 0 0 0
a15=-3.10345 0 0 0 0 0 0 0
a16=-1.89655 0 0 0 0 0 0 0
a17=-0.689655 0 0 0 0 0 0 0
a18=0 0 0 0 0 0 0 0
a19=0.517241 0 0 0 0 0 0 0
a20=1.72414 0 0 0 0 0 0 0
a21=2.93103 0 0 0 0 0 0 0
a22=4.13793 0 0 0 0 0 0 0
a23=5.34483 0 0 0 0 0 0 0
a24=6.55172 0 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_inf_borr_nobridge_print: bridge loans
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0 0
a2=-18.7931 0 0 0 0 0 0 0
a3=-17.5862 0 0 0 0 0 -0.335 -0.335
a4=-16.3793 -0.335 -0.335 -0.335 -0.335 -0.335 -0.335 -0.335
a5=-15.1724 -0.335 -0.335 -0.335 -0.335 -0.335 -0.335 -0.335
a6=-13.9655 -0.335 -0.335 -0.335 -0.335 -0.335 -0.335 -0.335
a7=-12.7586 -0.335 -0.335 -0.335 -0.335 -0.335 -0.335 -0.335
a8=-11.5517 -0.335 -0.335 -0.335 -0.335 -0.335 -0.335 -0.16491
a9=-10.3448 -0.335 -0.335 -0.335 -0.335 -0.335 -0.16491 -0.16491
a10=-9.13793 -0.335 -0.335 -0.335 0 0 0 0
a11=-7.93103 0 0 0 0 0 0 0
a12=-6.72414 0 0 0 0 0 0 0
a13=-5.51724 0 0 0 0 0 0 0
a14=-4.31034 -1.2017 -1.2017 -1.2017 -1.2017 -1.2017 -1.2017 0
a15=-3.10345 -1.2017 -1.2017 -1.2017 -1.2017 -1.2017 -0.68603 -0.68603
a16=-1.89655 0 0 0 -0.68603 -0.68603 -0.68603 -0.68603
a17=-0.689655 0 0 0 0 0 0 0
a18=0 0 0 0 0 0 0 0
a19=0.517241 0 0 0 0 0 0 0
a20=1.72414 0 0 0 0 0 0 -0.51595
a21=2.93103 -0.17034 -0.17034 -0.17034 -0.17034 -0.17034 0 0
a22=4.13793 -0.51595 -0.51595 -0.51595 -0.51595 0 0 0
a23=5.34483 -0.51595 -0.51595 -0.51595 0 0 0 0
a24=6.55172 0 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_for_borr_print: formal borrowing
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0 0
a2=-18.7931 0 0 0 0 0 0 0
a3=-17.5862 0 0 0 0 0 -19.665 -19.665
a4=-16.3793 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665
a5=-15.1724 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665
a6=-13.9655 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665
a7=-12.7586 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665
a8=-11.5517 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665 -15.007
a9=-10.3448 -19.665 -19.665 -19.665 -19.665 -19.665 -15.007 -15.007
a10=-9.13793 -19.665 -19.665 -19.665 -15.007 -15.007 -15.007 -15.007
a11=-7.93103 -15.007 -15.007 -15.007 -15.007 -15.007 -15.007 -15.007
a12=-6.72414 -15.007 -15.007 -15.007 -15.007 -15.007 -15.007 -15.007
a13=-5.51724 -15.007 -15.007 -15.007 -15.007 -15.007 -15.007 -10.35
a14=-4.31034 -10.35 -10.35 -10.35 -10.35 -10.35 -10.35 -10.35
a15=-3.10345 -10.35 -10.35 -10.35 -10.35 -10.35 -7.245 -7.245
a16=-1.89655 -10.35 -10.35 -10.35 -7.245 -7.245 -7.245 -7.245
a17=-0.689655 -10.35 -7.245 -7.245 -7.245 -7.245 -7.245 -7.245
a18=0 -7.245 -7.245 -7.245 -7.245 -7.245 -7.245 -5.6925
a19=0.517241 -5.6925 -5.6925 -5.6925 -5.6925 -5.6925 -5.6925 -5.6925
a20=1.72414 -5.6925 -5.6925 -5.6925 -5.6925 -5.6925 -5.6925 -2.5875
a21=2.93103 -4.14 -4.14 -4.14 -4.14 -4.14 -2.5875 -2.5875
a22=4.13793 -2.5875 -2.5875 -2.5875 -2.5875 -2.5875 -2.5875 -2.5875
a23=5.34483 -2.5875 -2.5875 -2.5875 -1.035 -1.035 -1.035 0
a24=6.55172 -2.5875 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_for_save_print: formal savings
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0 0
a2=-18.7931 0 0 0 0 0 0 0
a3=-17.5862 0 0 0 0 0 0 0
a4=-16.3793 0 0 0 0 0 0 0
a5=-15.1724 0 0 0 0 0 0 0
a6=-13.9655 0 0 0 0 0 0 0
a7=-12.7586 0 0 0 0 0 0 0
a8=-11.5517 0 0 0 0 0 0 0
a9=-10.3448 0 0 0 0 0 0 0
a10=-9.13793 0 0 0 1.042 1.042 1.042 1.042
a11=-7.93103 1.042 1.042 1.042 1.042 1.042 1.042 1.042
a12=-6.72414 1.042 1.042 1.042 2.2489 2.2489 2.2489 2.2489
a13=-5.51724 2.2489 2.2489 2.2489 2.2489 2.2489 2.2489 0.0051724
a14=-4.31034 0 0 0 0 0 0 1.2121
a15=-3.10345 0 0 0 0 0 0 0
a16=-1.89655 0.0051724 0.0051724 0.0051724 0 0 0 0
a17=-0.689655 0.0051724 0.52086 0.52086 0.52086 0.52086 0.52086 0.52086
a18=0 0.52086 0.52086 0.52086 0.52086 0.52086 0.52086 0.17526
a19=0.517241 0.17526 0.17526 0.17526 0.17526 0.17526 0.17526 0.17526
a20=1.72414 0.17526 0.17526 0.17526 0.17526 0.17526 0.17526 0
a21=2.93103 0 0 0 0 0 0.69095 0.69095
a22=4.13793 0 0 0 0 0.69095 0.69095 0.69095
a23=5.34483 0 0 0 0.34534 0.34534 0.34534 0
a24=6.55172 0.69095 0 0 0 0 0.51724 1.7241
a25=7.75862 0.51724 0.51724 0.51724 1.7241 1.7241 1.7241 2.931
a26=8.96552 1.7241 1.7241 1.7241 1.7241 1.7241 2.931 4.1379
a27=10.1724 2.931 2.931 2.931 2.931 4.1379 4.1379 5.3448
a28=11.3793 2.931 2.931 4.1379 4.1379 5.3448 5.3448 5.3448
a29=12.5862 4.1379 4.1379 5.3448 6.5517 6.5517 6.5517 7.7586
a30=13.7931 5.3448 6.5517 6.5517 6.5517 7.7586 7.7586 8.9655
a31=15 7.7586 7.7586 7.7586 7.7586 8.9655 8.9655 10.172
a32=16.2069 8.9655 8.9655 8.9655 8.9655 8.9655 10.172 11.379
a33=17.4138 10.172 10.172 10.172 10.172 11.379 11.379 12.586
a34=18.6207 10.172 10.172 11.379 11.379 12.586 12.586 12.586
a35=19.8276 11.379 12.586 12.586 12.586 13.793 13.793 15
a36=21.0345 13.793 13.793 13.793 13.793 15 15 15
a37=22.2414 15 15 15 15 16.207 16.207 17.414
a38=23.4483 16.207 16.207 16.207 16.207 16.207 17.414 18.621
a39=24.6552 16.207 16.207 17.414 17.414 18.621 18.621 18.621
a40=25.8621 17.414 17.414 18.621 18.621 19.828 19.828 19.828
a41=27.069 18.621 19.828 19.828 19.828 21.034 21.034 21.034
a42=28.2759 21.034 21.034 21.034 21.034 22.241 22.241 22.241
a43=29.4828 22.241 22.241 22.241 22.241 23.448 23.448 24.655
a44=30.6897 23.448 23.448 23.448 23.448 23.448 24.655 24.655
a45=31.8966 23.448 23.448 24.655 24.655 24.655 25.862 25.862
a46=33.1034 24.655 24.655 25.862 25.862 25.862 27.069 27.069
a47=34.3103 25.862 27.069 27.069 27.069 28.276 28.276 28.276
a48=35.5172 28.276 28.276 28.276 28.276 28.276 29.483 29.483
a49=36.7241 29.483 29.483 29.483 29.483 30.69 30.69 30.69
a50=37.931 30.69 30.69 30.69 30.69 30.69 31.897 31.897
a51=39.1379 30.69 30.69 31.897 31.897 31.897 33.103 33.103
a52=40.3448 31.897 31.897 33.103 33.103 33.103 34.31 34.31
a53=41.5517 33.103 34.31 34.31 34.31 34.31 35.517 35.517
a54=42.7586 35.517 35.517 35.517 35.517 35.517 36.724 36.724
a55=43.9655 36.724 36.724 36.724 36.724 36.724 37.931 37.931
a56=45.1724 37.931 37.931 37.931 37.931 37.931 39.138 39.138
a57=46.3793 37.931 37.931 39.138 39.138 39.138 40.345 40.345
a58=47.5862 39.138 39.138 40.345 40.345 40.345 41.552 41.552
a59=48.7931 40.345 41.552 41.552 41.552 41.552 42.759 42.759
a60=50 42.759 42.759 42.759 42.759 42.759 43.966 43.966
Save/Borrow, Can Default, No Bridge: cmin = 0.001, default takes place
Default is allowed, borrowing is allowed, minimum consumption = 0.01, higher than previous.
[param_map, support_map] = ffs_abz_fibs_set_default_param(it_param_set); % allow for borrowing, when using a very large negative value for fl_b_bd % that means the natural borrowing constraint will bind. param_map('fl_b_bd') = -20; param_map('bl_default') = 1; param_map('fl_c_min') = 0.001; % shared parameters param_map('fl_a_min') = 0; param_map('fl_a_max') = fl_a_max; param_map('it_a_n') = it_a_n; param_map('fl_r_save') = fl_r_save; param_map('fl_r_borr') = fl_r_borr; param_map('fl_w') = fl_w; % solution param_map('it_z_n') = it_z_n; param_map('it_maxiter_val') = it_maxiter_val; % Display Parameters support_map('bl_display') = bl_display; support_map('bl_post') = bl_post; support_map('bl_display_final') = bl_display_final; % Call Program ff_abz_fibs_vf_vecsv(param_map, support_map); % Snap snapnow; close all;
Elapsed time is 0.075350 seconds.
valgap = norm(mt_val - mt_val_cur): value function difference across iterations
polgap = norm(mt_pol_a - mt_pol_a_cur): policy function difference across iterations
z1 = z1 perc change: sum((mt_pol_a ~= mt_pol_a_cur))/(it_a_n): percentage of state space points conditional on shock where the policy function is changing across iterations
valgap polgap z1 z2 z3 z4 z5 z6 z7
__________ ______ ________ ________ ________ ________ ________ ________ ________
iter=1 108.33 387.11 1 1 1 1 1 1 1
iter=2 82.154 418.15 0.96667 0.96667 0.98333 0.98333 0.98333 0.98333 0.98333
iter=3 62.052 136.26 0.91667 0.91667 0.95 0.95 0.95 0.95 0.95
iter=4 44.037 68.29 0.83333 0.85 0.9 0.88333 0.9 0.9 0.91667
iter=5 30.999 40.865 0.8 0.78333 0.8 0.85 0.83333 0.83333 0.86667
iter=6 22.724 27.499 0.73333 0.7 0.71667 0.73333 0.73333 0.73333 0.83333
iter=7 17.943 20.083 0.63333 0.63333 0.65 0.61667 0.61667 0.65 0.66667
iter=8 15.148 15.411 0.5 0.51667 0.48333 0.46667 0.51667 0.53333 0.56667
iter=9 13.311 12.669 0.36667 0.35 0.43333 0.4 0.4 0.4 0.45
iter=10 11.843 11.016 0.33333 0.33333 0.31667 0.35 0.28333 0.35 0.38333
iter=11 10.721 9.3438 0.25 0.23333 0.26667 0.25 0.26667 0.25 0.3
iter=12 9.7748 8.4731 0.2 0.25 0.21667 0.18333 0.21667 0.23333 0.2
iter=13 8.9772 7.2841 0.16667 0.15 0.16667 0.2 0.16667 0.16667 0.2
iter=14 8.2771 7.4235 0.18333 0.16667 0.15 0.13333 0.18333 0.16667 0.21667
iter=15 7.6537 6.369 0.13333 0.11667 0.11667 0.15 0.11667 0.16667 0.13333
iter=16 7.1146 5.1228 0.1 0.11667 0.083333 0.1 0.13333 0.1 0.1
iter=17 6.6367 5.7354 0.11667 0.1 0.11667 0.11667 0.083333 0.1 0.11667
iter=18 6.2357 5.7655 0.11667 0.11667 0.16667 0.13333 0.11667 0.1 0.11667
iter=19 5.8826 5.2967 0.1 0.1 0.083333 0.083333 0.083333 0.066667 0.15
iter=20 5.5705 3.9225 0.05 0.066667 0.066667 0.033333 0.05 0.11667 0.083333
iter=21 5.2827 3.3149 0.05 0.033333 0.05 0.05 0.066667 0.066667 0.05
iter=22 5.0023 3.5251 0.05 0.05 0.033333 0.05 0.05 0.05 0.033333
iter=23 4.7329 3.6128 0.05 0.05 0.066667 0.033333 0.05 0.066667 0.05
iter=24 4.4761 3.1732 0.033333 0.05 0.05 0.05 0.066667 0.033333 0.033333
iter=25 4.2323 3.3767 0.05 0.05 0.05 0.033333 0.05 0.05 0.05
iter=26 4.0029 2.862 0.033333 0.033333 0.033333 0.033333 0.05 0.05 0.033333
iter=27 3.7875 3.512 0.05 0.05 0.05 0.05 0 0.033333 0.05
iter=28 3.5862 2.9606 0.033333 0.033333 0.05 0.05 0.033333 0.033333 0.05
iter=29 3.3984 2.7143 0.033333 0.05 0.033333 0.033333 0.016667 0.05 0.05
iter=30 3.2225 2.2301 0.016667 0.016667 0.033333 0.05 0.033333 0.016667 0.033333
iter=31 3.0578 2.5777 0.05 0.05 0.016667 0.016667 0 0.016667 0.016667
iter=32 2.9024 1.7068 0 0.016667 0.016667 0 0.016667 0.033333 0.016667
iter=33 2.7555 1.7068 0.033333 0.016667 0.016667 0.016667 0.016667 0.033333 0.016667
iter=34 2.6168 1.9528 0.033333 0.016667 0.033333 0.016667 0.016667 0.033333 0
iter=35 2.4853 1.7068 0.016667 0 0.016667 0.016667 0 0.016667 0.033333
iter=36 2.3608 1.7068 0.016667 0.016667 0.016667 0 0.016667 0.033333 0
iter=37 2.243 1.7068 0.016667 0.016667 0.016667 0.016667 0.033333 0.016667 0.016667
iter=38 2.1314 1.7068 0.016667 0.016667 0.016667 0.016667 0 0 0
iter=39 2.0253 1.7068 0 0.016667 0.016667 0.033333 0.016667 0.016667 0.033333
iter=40 1.9247 1.2069 0.016667 0.016667 0.016667 0.016667 0 0 0.016667
iter=41 1.8291 1.2069 0 0 0.016667 0.016667 0.016667 0.016667 0
iter=42 1.7383 1.2069 0 0.016667 0.016667 0 0.016667 0 0.016667
iter=43 1.652 1.2069 0 0 0.016667 0.016667 0 0 0.016667
iter=44 1.57 1.2069 0.016667 0.016667 0.016667 0.016667 0.016667 0.016667 0
iter=45 1.492 1.9528 0 0 0 0.016667 0.033333 0 0.033333
iter=46 1.4178 1.7068 0 0 0.033333 0.016667 0.016667 0 0.016667
iter=47 1.3472 1.2069 0 0 0 0.016667 0 0.016667 0
iter=48 1.2799 1.2069 0 0.016667 0 0 0.016667 0 0.016667
iter=49 1.2156 1.7068 0.016667 0 0.016667 0.016667 0.016667 0 0.016667
iter=50 1.1543 1.7068 0 0 0 0.016667 0 0 0.016667
iter=194 0.00020059 0 0 0 0 0 0 0 0
iter=195 0.00018861 0 0 0 0 0 0 0 0
iter=196 0.00017734 0 0 0 0 0 0 0 0
iter=197 0.00016675 0 0 0 0 0 0 0 0
iter=198 0.00015679 0 0 0 0 0 0 0 0
iter=199 0.00014742 0 0 0 0 0 0 0 0
iter=200 0.00013862 0 0 0 0 0 0 0 0
iter=201 0.00013033 0 0 0 0 0 0 0 0
iter=202 0.00012254 0 0 0 0 0 0 0 0
iter=203 0.00011522 0 0 0 0 0 0 0 0
iter=204 0.00010833 0 0 0 0 0 0 0 0
iter=205 0.00010186 0 0 0 0 0 0 0 0
iter=206 9.5767e-05 0 0 0 0 0 0 0 0
iter=207 9.0041e-05 0 0 0 0 0 0 0 0
iter=208 8.4657e-05 0 0 0 0 0 0 0 0
iter=209 7.9595e-05 0 0 0 0 0 0 0 0
iter=210 7.4834e-05 0 0 0 0 0 0 0 0
iter=211 7.0358e-05 0 0 0 0 0 0 0 0
iter=212 6.615e-05 0 0 0 0 0 0 0 0
iter=213 6.2193e-05 0 0 0 0 0 0 0 0
iter=214 5.8472e-05 0 0 0 0 0 0 0 0
iter=215 5.4973e-05 0 0 0 0 0 0 0 0
iter=216 5.1684e-05 0 0 0 0 0 0 0 0
iter=217 4.8591e-05 0 0 0 0 0 0 0 0
iter=218 4.5683e-05 0 0 0 0 0 0 0 0
iter=219 4.2949e-05 0 0 0 0 0 0 0 0
iter=220 4.0378e-05 0 0 0 0 0 0 0 0
iter=221 3.7961e-05 0 0 0 0 0 0 0 0
iter=222 3.5689e-05 0 0 0 0 0 0 0 0
iter=223 3.3552e-05 0 0 0 0 0 0 0 0
iter=224 3.1543e-05 0 0 0 0 0 0 0 0
iter=225 2.9655e-05 0 0 0 0 0 0 0 0
iter=226 2.7879e-05 0 0 0 0 0 0 0 0
iter=227 2.621e-05 0 0 0 0 0 0 0 0
iter=228 2.464e-05 0 0 0 0 0 0 0 0
iter=229 2.3164e-05 0 0 0 0 0 0 0 0
iter=230 2.1777e-05 0 0 0 0 0 0 0 0
iter=231 2.0473e-05 0 0 0 0 0 0 0 0
iter=232 1.9246e-05 0 0 0 0 0 0 0 0
iter=233 1.8093e-05 0 0 0 0 0 0 0 0
iter=234 1.7009e-05 0 0 0 0 0 0 0 0
iter=235 1.599e-05 0 0 0 0 0 0 0 0
iter=236 1.5032e-05 0 0 0 0 0 0 0 0
iter=237 1.4132e-05 0 0 0 0 0 0 0 0
iter=238 1.3285e-05 0 0 0 0 0 0 0 0
iter=239 1.2489e-05 0 0 0 0 0 0 0 0
iter=240 1.174e-05 0 0 0 0 0 0 0 0
iter=241 1.1037e-05 0 0 0 0 0 0 0 0
iter=242 1.0375e-05 0 0 0 0 0 0 0 0
iter=243 9.7536e-06 0 0 0 0 0 0 0 0
tb_val: V(a,z) value at each state space point
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 -64.949 -64.216 -63.349 -49.43 -40.972 -34.824 -25.933
a2=-18.7931 -60.74 -59.61 -55.319 -43.194 -35.754 -30.262 -22.242
a3=-17.5862 -56.316 -53.931 -48.672 -38.09 -31.458 -26.414 -18.403
a4=-16.3793 -51.396 -48.298 -40.804 -31.974 -26.321 -21.951 -15.102
a5=-15.1724 -46.202 -42.15 -33.201 -26.13 -21.433 -17.79 -12.734
a6=-13.9655 -40.671 -35.85 -28.369 -22.431 -18.326 -15.077 -10.634
a7=-12.7586 -35.126 -30.586 -24.534 -19.465 -15.813 -12.835 -8.5399
a8=-11.5517 -30.127 -26.208 -20.502 -16.195 -13.016 -10.392 -6.7941
a9=-10.3448 -25.738 -22.183 -17.057 -13.378 -10.599 -8.294 -5.4369
a10=-9.13793 -21.802 -18.599 -14.678 -11.497 -8.9865 -6.849 -4.0932
a11=-7.93103 -18.344 -15.696 -12.295 -9.5146 -7.2649 -5.3258 -2.9236
a12=-6.72414 -15.389 -13.129 -10.281 -7.8379 -5.8037 -4.0247 -1.871
a13=-5.51724 -12.824 -10.903 -8.4859 -6.3233 -4.4765 -2.8432 -0.94514
a14=-4.31034 -10.592 -8.9492 -6.9489 -5.0239 -3.3339 -1.8204 -0.10805
a15=-3.10345 -8.6434 -7.2509 -5.6327 -3.9076 -2.3475 -0.92727 0.69482
a16=-1.89655 -6.9469 -5.7815 -4.4412 -2.8808 -1.4325 -0.09082 1.4906
a17=-0.689655 -5.4685 -4.4852 -3.287 -1.8518 -0.48636 0.8578 2.13
a18=0 -4.5339 -3.6146 -2.5256 -1.2209 0.055285 1.2848 2.4384
a19=0.517241 -3.8585 -2.973 -1.9397 -0.78013 0.41847 1.5511 2.6643
a20=1.72414 -2.6895 -1.9264 -1.045 -0.039381 1.0722 2.142 3.1812
a21=2.93103 -1.6506 -0.9886 -0.22111 0.64809 1.6816 2.6949 3.6743
a22=4.13793 -0.72068 -0.13868 0.53689 1.2975 2.2581 3.2195 4.148
a23=5.34483 0.11909 0.63684 1.2383 1.9238 2.8132 3.7246 4.6014
a24=6.55172 0.88325 1.3494 1.8939 2.5221 3.3437 4.2078 5.035
a25=7.75862 1.5838 2.0093 2.5094 3.0911 3.849 4.6688 5.4506
a26=8.96552 2.2309 2.6242 3.0888 3.631 4.3297 5.1086 5.8517
a27=10.1724 2.8324 3.1998 3.635 4.1429 4.787 5.5285 6.2439
a28=11.3793 3.3945 3.7405 4.1508 4.6283 5.2217 5.9283 6.6176
a29=12.5862 3.922 4.2498 4.6384 5.0885 5.635 6.3089 6.9736
a30=13.7931 4.4185 4.7305 5.0998 5.5251 6.0282 6.6716 7.313
a31=15 4.8871 5.1851 5.5371 5.9395 6.4044 7.0188 7.6383
a32=16.2069 5.3302 5.6156 5.9517 6.3335 6.7721 7.3575 7.9557
a33=17.4138 5.75 6.0238 6.3457 6.7101 7.1283 7.6855 8.2634
a34=18.6207 6.1482 6.4116 6.7208 7.0706 7.4719 8.0021 8.5604
a35=19.8276 6.5267 6.7807 7.0788 7.4161 7.8027 8.3071 8.8468
a36=21.0345 6.887 7.1326 7.421 7.7474 8.1208 8.6008 9.1227
a37=22.2414 7.2307 7.4687 7.7484 8.0651 8.4266 8.8834 9.3884
a38=23.4483 7.5589 7.7902 8.0622 8.37 8.7205 9.1553 9.6442
a39=24.6552 7.873 8.0981 8.363 8.6627 9.003 9.4171 9.8907
a40=25.8621 8.174 8.3934 8.6517 8.944 9.2747 9.6691 10.128
a41=27.069 8.4627 8.6769 8.9291 9.2143 9.5359 9.9119 10.357
a42=28.2759 8.7399 8.9492 9.1956 9.4743 9.7874 10.146 10.578
a43=29.4828 9.0064 9.211 9.4521 9.7244 10.029 10.371 10.791
a44=30.6897 9.2654 9.463 9.6989 9.9653 10.263 10.593 11
a45=31.8966 9.5176 9.7059 9.9367 10.197 10.488 10.81 11.203
a46=33.1034 9.7616 9.9401 10.166 10.421 10.705 11.02 11.401
a47=34.3103 9.9978 10.17 10.387 10.637 10.916 11.224 11.594
a48=35.5172 10.226 10.393 10.601 10.846 11.12 11.422 11.78
a49=36.7241 10.449 10.61 10.808 11.048 11.317 11.614 11.961
a50=37.931 10.664 10.82 11.01 11.244 11.508 11.799 12.136
a51=39.1379 10.874 11.024 11.208 11.433 11.693 11.979 12.306
a52=40.3448 11.077 11.222 11.4 11.618 11.872 12.154 12.471
a53=41.5517 11.275 11.416 11.588 11.797 12.046 12.323 12.631
a54=42.7586 11.467 11.603 11.77 11.971 12.215 12.487 12.786
a55=43.9655 11.655 11.787 11.949 12.141 12.379 12.647 12.937
a56=45.1724 11.836 11.965 12.122 12.307 12.54 12.802 13.084
a57=46.3793 12.014 12.139 12.291 12.471 12.696 12.953 13.228
a58=47.5862 12.187 12.308 12.456 12.63 12.848 13.1 13.368
a59=48.7931 12.355 12.474 12.617 12.787 12.997 13.244 13.505
a60=50 12.519 12.635 12.774 12.94 13.143 13.385 13.64
tb_pol_a: optimal asset choice for each state space point
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 -20 -20 -20 -18.793
a2=-18.7931 -20 -20 -20 -18.793 -18.793 -18.793 -17.586
a3=-17.5862 -18.793 -18.793 -18.793 -17.586 -17.586 -17.586 -16.379
a4=-16.3793 -17.586 -17.586 -16.379 -16.379 -16.379 -16.379 -15.172
a5=-15.1724 -16.379 -16.379 -15.172 -15.172 -15.172 -15.172 -13.966
a6=-13.9655 -15.172 -15.172 -13.966 -13.966 -13.966 -13.966 -12.759
a7=-12.7586 -13.966 -13.966 -12.759 -12.759 -12.759 -12.759 -11.552
a8=-11.5517 -12.759 -12.759 -11.552 -11.552 -11.552 -11.552 -10.345
a9=-10.3448 -11.552 -11.552 -10.345 -10.345 -10.345 -10.345 -9.1379
a10=-9.13793 -10.345 -10.345 -9.1379 -9.1379 -9.1379 -9.1379 -7.931
a11=-7.93103 -9.1379 -9.1379 -7.931 -7.931 -7.931 -7.931 -6.7241
a12=-6.72414 -7.931 -7.931 -6.7241 -6.7241 -6.7241 -6.7241 -5.5172
a13=-5.51724 -6.7241 -6.7241 -5.5172 -5.5172 -5.5172 -5.5172 -4.3103
a14=-4.31034 -5.5172 -5.5172 -4.3103 -4.3103 -4.3103 -4.3103 -3.1034
a15=-3.10345 -4.3103 -4.3103 -3.1034 -3.1034 -3.1034 -3.1034 -1.8966
a16=-1.89655 -3.1034 -3.1034 -1.8966 -1.8966 -1.8966 -1.8966 -0.68966
a17=-0.689655 -1.8966 -1.8966 -0.68966 -0.68966 -0.68966 0 0
a18=0 -0.68966 -0.68966 -0.68966 0 0 0.51724 0.51724
a19=0.517241 0 0 0 0.51724 0.51724 0.51724 1.7241
a20=1.72414 0.51724 0.51724 0.51724 1.7241 1.7241 1.7241 2.931
a21=2.93103 1.7241 1.7241 1.7241 2.931 2.931 2.931 4.1379
a22=4.13793 2.931 2.931 2.931 2.931 4.1379 4.1379 5.3448
a23=5.34483 4.1379 4.1379 4.1379 4.1379 5.3448 5.3448 6.5517
a24=6.55172 5.3448 5.3448 5.3448 5.3448 6.5517 6.5517 7.7586
a25=7.75862 6.5517 6.5517 6.5517 6.5517 7.7586 7.7586 8.9655
a26=8.96552 7.7586 7.7586 7.7586 7.7586 8.9655 8.9655 8.9655
a27=10.1724 8.9655 8.9655 8.9655 8.9655 10.172 10.172 10.172
a28=11.3793 10.172 10.172 10.172 10.172 11.379 11.379 11.379
a29=12.5862 11.379 11.379 11.379 11.379 12.586 12.586 12.586
a30=13.7931 12.586 12.586 12.586 12.586 13.793 13.793 13.793
a31=15 13.793 13.793 13.793 13.793 13.793 15 15
a32=16.2069 15 15 15 15 15 16.207 16.207
a33=17.4138 16.207 16.207 16.207 16.207 16.207 17.414 17.414
a34=18.6207 17.414 17.414 17.414 17.414 17.414 18.621 18.621
a35=19.8276 18.621 18.621 18.621 18.621 18.621 19.828 19.828
a36=21.0345 19.828 19.828 19.828 19.828 19.828 21.034 21.034
a37=22.2414 21.034 21.034 21.034 21.034 21.034 22.241 22.241
a38=23.4483 22.241 22.241 22.241 22.241 22.241 23.448 23.448
a39=24.6552 23.448 23.448 23.448 23.448 23.448 24.655 24.655
a40=25.8621 24.655 24.655 24.655 24.655 24.655 25.862 25.862
a41=27.069 25.862 25.862 25.862 25.862 25.862 27.069 27.069
a42=28.2759 27.069 27.069 27.069 27.069 27.069 28.276 28.276
a43=29.4828 28.276 28.276 28.276 28.276 28.276 29.483 29.483
a44=30.6897 28.276 29.483 29.483 29.483 29.483 29.483 30.69
a45=31.8966 29.483 30.69 30.69 30.69 30.69 30.69 31.897
a46=33.1034 30.69 31.897 31.897 31.897 31.897 31.897 33.103
a47=34.3103 31.897 31.897 33.103 33.103 33.103 33.103 34.31
a48=35.5172 33.103 33.103 34.31 34.31 34.31 34.31 35.517
a49=36.7241 34.31 34.31 35.517 35.517 35.517 35.517 36.724
a50=37.931 35.517 35.517 35.517 36.724 36.724 36.724 37.931
a51=39.1379 36.724 36.724 36.724 37.931 37.931 37.931 39.138
a52=40.3448 37.931 37.931 37.931 39.138 39.138 39.138 40.345
a53=41.5517 39.138 39.138 39.138 40.345 40.345 40.345 41.552
a54=42.7586 40.345 40.345 40.345 41.552 41.552 41.552 42.759
a55=43.9655 41.552 41.552 41.552 42.759 42.759 42.759 43.966
a56=45.1724 42.759 42.759 42.759 42.759 43.966 43.966 45.172
a57=46.3793 43.966 43.966 43.966 43.966 45.172 45.172 46.379
a58=47.5862 45.172 45.172 45.172 45.172 46.379 46.379 47.586
a59=48.7931 46.379 46.379 46.379 46.379 47.586 47.586 47.586
a60=50 47.586 47.586 47.586 47.586 48.793 48.793 48.793
mt_pol_b_bridge_print: bridge loans
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0 0
a2=-18.7931 0 0 0 0 0 0 0
a3=-17.5862 0 0 0 0 0 0 0
a4=-16.3793 0 0 0 0 0 0 0
a5=-15.1724 0 0 0 0 0 0 0
a6=-13.9655 0 0 0 0 0 0 0
a7=-12.7586 0 0 0 0 0 0 0
a8=-11.5517 0 0 0 0 0 0 0
a9=-10.3448 0 0 0 0 0 0 0
a10=-9.13793 0 0 0 0 0 0 0
a11=-7.93103 0 0 0 0 0 0 0
a12=-6.72414 0 0 0 0 0 0 0
a13=-5.51724 0 0 0 0 0 0 0
a14=-4.31034 0 0 0 0 0 0 0
a15=-3.10345 0 0 0 0 0 0 0
a16=-1.89655 0 0 0 0 0 0 0
a17=-0.689655 0 0 0 0 0 0 0
a18=0 0 0 0 0 0 0 0
a19=0.517241 0 0 0 0 0 0 0
a20=1.72414 0 0 0 0 0 0 0
a21=2.93103 0 0 0 0 0 0 0
a22=4.13793 0 0 0 0 0 0 0
a23=5.34483 0 0 0 0 0 0 0
a24=6.55172 0 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_inf_borr_nobridge_print: bridge loans
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 -0.335 -0.335 -0.335 0
a2=-18.7931 -0.335 -0.335 -0.335 0 0 0 0
a3=-17.5862 0 0 0 0 0 0 -1.3718
a4=-16.3793 0 0 -1.3718 -1.3718 -1.3718 -1.3718 -0.16491
a5=-15.1724 -1.3718 -1.3718 -0.16491 -0.16491 -0.16491 -0.16491 0
a6=-13.9655 -0.16491 -0.16491 0 0 0 0 0
a7=-12.7586 0 0 0 0 0 0 -1.2017
a8=-11.5517 0 0 -1.2017 -1.2017 -1.2017 -1.2017 0
a9=-10.3448 -1.2017 -1.2017 0 0 0 0 0
a10=-9.13793 0 0 0 0 0 0 -0.68603
a11=-7.93103 0 0 -0.68603 -0.68603 -0.68603 -0.68603 0
a12=-6.72414 -0.68603 -0.68603 0 0 0 0 0
a13=-5.51724 0 0 0 0 0 0 -0.17034
a14=-4.31034 0 0 -0.17034 -0.17034 -0.17034 -0.17034 -0.51595
a15=-3.10345 -0.17034 -0.17034 -0.51595 -0.51595 -0.51595 -0.51595 0
a16=-1.89655 -0.51595 -0.51595 0 0 0 0 0
a17=-0.689655 0 0 0 0 0 0 0
a18=0 0 0 0 0 0 0 0
a19=0.517241 0 0 0 0 0 0 0
a20=1.72414 0 0 0 0 0 0 0
a21=2.93103 0 0 0 0 0 0 0
a22=4.13793 0 0 0 0 0 0 0
a23=5.34483 0 0 0 0 0 0 0
a24=6.55172 0 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_for_borr_print: formal borrowing
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 -19.665 -19.665 -19.665 -19.665
a2=-18.7931 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665
a3=-17.5862 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665 -15.007
a4=-16.3793 -19.665 -19.665 -15.007 -15.007 -15.007 -15.007 -15.007
a5=-15.1724 -15.007 -15.007 -15.007 -15.007 -15.007 -15.007 -15.007
a6=-13.9655 -15.007 -15.007 -15.007 -15.007 -15.007 -15.007 -15.007
a7=-12.7586 -15.007 -15.007 -15.007 -15.007 -15.007 -15.007 -10.35
a8=-11.5517 -15.007 -15.007 -10.35 -10.35 -10.35 -10.35 -10.35
a9=-10.3448 -10.35 -10.35 -10.35 -10.35 -10.35 -10.35 -10.35
a10=-9.13793 -10.35 -10.35 -10.35 -10.35 -10.35 -10.35 -7.245
a11=-7.93103 -10.35 -10.35 -7.245 -7.245 -7.245 -7.245 -7.245
a12=-6.72414 -7.245 -7.245 -7.245 -7.245 -7.245 -7.245 -5.6925
a13=-5.51724 -7.245 -7.245 -5.6925 -5.6925 -5.6925 -5.6925 -4.14
a14=-4.31034 -5.6925 -5.6925 -4.14 -4.14 -4.14 -4.14 -2.5875
a15=-3.10345 -4.14 -4.14 -2.5875 -2.5875 -2.5875 -2.5875 -2.5875
a16=-1.89655 -2.5875 -2.5875 -2.5875 -2.5875 -2.5875 -2.5875 -1.035
a17=-0.689655 -2.5875 -2.5875 -1.035 -1.035 -1.035 0 0
a18=0 -1.035 -1.035 -1.035 0 0 0 0
a19=0.517241 0 0 0 0 0 0 0
a20=1.72414 0 0 0 0 0 0 0
a21=2.93103 0 0 0 0 0 0 0
a22=4.13793 0 0 0 0 0 0 0
a23=5.34483 0 0 0 0 0 0 0
a24=6.55172 0 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_for_save_print: formal savings
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0 0.8719
a2=-18.7931 0 0 0 0.8719 0.8719 0.8719 2.0788
a3=-17.5862 0.8719 0.8719 0.8719 2.0788 2.0788 2.0788 0
a4=-16.3793 2.0788 2.0788 0 0 0 0 0
a5=-15.1724 0 0 0 0 0 0 1.042
a6=-13.9655 0 0 1.042 1.042 1.042 1.042 2.2489
a7=-12.7586 1.042 1.042 2.2489 2.2489 2.2489 2.2489 0
a8=-11.5517 2.2489 2.2489 0 0 0 0 0.0051724
a9=-10.3448 0 0 0.0051724 0.0051724 0.0051724 0.0051724 1.2121
a10=-9.13793 0.0051724 0.0051724 1.2121 1.2121 1.2121 1.2121 0
a11=-7.93103 1.2121 1.2121 0 0 0 0 0.52086
a12=-6.72414 0 0 0.52086 0.52086 0.52086 0.52086 0.17526
a13=-5.51724 0.52086 0.52086 0.17526 0.17526 0.17526 0.17526 0
a14=-4.31034 0.17526 0.17526 0 0 0 0 0
a15=-3.10345 0 0 0 0 0 0 0.69095
a16=-1.89655 0 0 0.69095 0.69095 0.69095 0.69095 0.34534
a17=-0.689655 0.69095 0.69095 0.34534 0.34534 0.34534 0 0
a18=0 0.34534 0.34534 0.34534 0 0 0.51724 0.51724
a19=0.517241 0 0 0 0.51724 0.51724 0.51724 1.7241
a20=1.72414 0.51724 0.51724 0.51724 1.7241 1.7241 1.7241 2.931
a21=2.93103 1.7241 1.7241 1.7241 2.931 2.931 2.931 4.1379
a22=4.13793 2.931 2.931 2.931 2.931 4.1379 4.1379 5.3448
a23=5.34483 4.1379 4.1379 4.1379 4.1379 5.3448 5.3448 6.5517
a24=6.55172 5.3448 5.3448 5.3448 5.3448 6.5517 6.5517 7.7586
a25=7.75862 6.5517 6.5517 6.5517 6.5517 7.7586 7.7586 8.9655
a26=8.96552 7.7586 7.7586 7.7586 7.7586 8.9655 8.9655 8.9655
a27=10.1724 8.9655 8.9655 8.9655 8.9655 10.172 10.172 10.172
a28=11.3793 10.172 10.172 10.172 10.172 11.379 11.379 11.379
a29=12.5862 11.379 11.379 11.379 11.379 12.586 12.586 12.586
a30=13.7931 12.586 12.586 12.586 12.586 13.793 13.793 13.793
a31=15 13.793 13.793 13.793 13.793 13.793 15 15
a32=16.2069 15 15 15 15 15 16.207 16.207
a33=17.4138 16.207 16.207 16.207 16.207 16.207 17.414 17.414
a34=18.6207 17.414 17.414 17.414 17.414 17.414 18.621 18.621
a35=19.8276 18.621 18.621 18.621 18.621 18.621 19.828 19.828
a36=21.0345 19.828 19.828 19.828 19.828 19.828 21.034 21.034
a37=22.2414 21.034 21.034 21.034 21.034 21.034 22.241 22.241
a38=23.4483 22.241 22.241 22.241 22.241 22.241 23.448 23.448
a39=24.6552 23.448 23.448 23.448 23.448 23.448 24.655 24.655
a40=25.8621 24.655 24.655 24.655 24.655 24.655 25.862 25.862
a41=27.069 25.862 25.862 25.862 25.862 25.862 27.069 27.069
a42=28.2759 27.069 27.069 27.069 27.069 27.069 28.276 28.276
a43=29.4828 28.276 28.276 28.276 28.276 28.276 29.483 29.483
a44=30.6897 28.276 29.483 29.483 29.483 29.483 29.483 30.69
a45=31.8966 29.483 30.69 30.69 30.69 30.69 30.69 31.897
a46=33.1034 30.69 31.897 31.897 31.897 31.897 31.897 33.103
a47=34.3103 31.897 31.897 33.103 33.103 33.103 33.103 34.31
a48=35.5172 33.103 33.103 34.31 34.31 34.31 34.31 35.517
a49=36.7241 34.31 34.31 35.517 35.517 35.517 35.517 36.724
a50=37.931 35.517 35.517 35.517 36.724 36.724 36.724 37.931
a51=39.1379 36.724 36.724 36.724 37.931 37.931 37.931 39.138
a52=40.3448 37.931 37.931 37.931 39.138 39.138 39.138 40.345
a53=41.5517 39.138 39.138 39.138 40.345 40.345 40.345 41.552
a54=42.7586 40.345 40.345 40.345 41.552 41.552 41.552 42.759
a55=43.9655 41.552 41.552 41.552 42.759 42.759 42.759 43.966
a56=45.1724 42.759 42.759 42.759 42.759 43.966 43.966 45.172
a57=46.3793 43.966 43.966 43.966 43.966 45.172 45.172 46.379
a58=47.5862 45.172 45.172 45.172 45.172 46.379 46.379 47.586
a59=48.7931 46.379 46.379 46.379 46.379 47.586 47.586 47.586
a60=50 47.586 47.586 47.586 47.586 48.793 48.793 48.793
Save/Borrow, Can Default, Yes Bridge: cmin = 0.001, default takes place
Default is allowed, borrowing is allowed, minimum consumption = 0.01, higher than previous.
[param_map, support_map] = ffs_abz_fibs_set_default_param(it_param_set); % allow for borrowing, when using a very large negative value for fl_b_bd % that means the natural borrowing constraint will bind. param_map('fl_b_bd') = -20; param_map('bl_default') = 1; param_map('bl_bridge') = true; param_map('fl_c_min') = 0.001; % shared parameters param_map('fl_a_min') = 0; param_map('fl_a_max') = fl_a_max; param_map('it_a_n') = it_a_n; param_map('fl_r_save') = fl_r_save; param_map('fl_r_borr') = fl_r_borr; param_map('fl_w') = fl_w; % solution param_map('it_z_n') = it_z_n; param_map('it_maxiter_val') = it_maxiter_val; % Display Parameters support_map('bl_display') = bl_display; support_map('bl_post') = bl_post; support_map('bl_display_final') = bl_display_final; % Call Program ff_abz_fibs_vf_vecsv(param_map, support_map); % Snap snapnow; close all;
Elapsed time is 0.125945 seconds.
valgap = norm(mt_val - mt_val_cur): value function difference across iterations
polgap = norm(mt_pol_a - mt_pol_a_cur): policy function difference across iterations
z1 = z1 perc change: sum((mt_pol_a ~= mt_pol_a_cur))/(it_a_n): percentage of state space points conditional on shock where the policy function is changing across iterations
valgap polgap z1 z2 z3 z4 z5 z6 z7
__________ ______ ________ ________ ________ ________ ________ ________ ________
iter=1 108.54 387.11 1 1 1 1 1 1 1
iter=2 91.812 418.33 0.96667 0.96667 0.96667 0.98333 0.98333 0.98333 0.98333
iter=3 76.545 136.3 0.91667 0.93333 0.93333 0.95 0.95 0.95 0.95
iter=4 62.227 69.516 0.86667 0.86667 0.88333 0.9 0.9 0.9 0.93333
iter=5 48.808 41.263 0.81667 0.81667 0.83333 0.83333 0.81667 0.83333 0.88333
iter=6 36.937 27.276 0.68333 0.7 0.75 0.75 0.75 0.73333 0.8
iter=7 27.557 20.167 0.6 0.6 0.61667 0.61667 0.63333 0.65 0.68333
iter=8 20.833 15.461 0.45 0.45 0.5 0.53333 0.51667 0.51667 0.53333
iter=9 16.63 12.218 0.4 0.4 0.36667 0.38333 0.38333 0.41667 0.41667
iter=10 14.162 10.581 0.3 0.3 0.33333 0.26667 0.31667 0.35 0.36667
iter=11 12.575 9.299 0.23333 0.26667 0.25 0.26667 0.25 0.26667 0.3
iter=12 11.388 7.8421 0.21667 0.2 0.2 0.2 0.23333 0.23333 0.23333
iter=13 10.422 6.4189 0.16667 0.11667 0.15 0.2 0.2 0.2 0.2
iter=14 9.547 6.6479 0.13333 0.15 0.18333 0.18333 0.15 0.16667 0.18333
iter=15 8.7735 5.5505 0.11667 0.11667 0.13333 0.11667 0.1 0.15 0.11667
iter=16 8.0987 4.6397 0.083333 0.083333 0.1 0.11667 0.13333 0.083333 0.11667
iter=17 7.4957 5.1293 0.11667 0.13333 0.1 0.11667 0.15 0.1 0.11667
iter=18 6.9727 4.9976 0.11667 0.1 0.1 0.11667 0.05 0.11667 0.15
iter=19 6.5759 5.2165 0.1 0.1 0.11667 0.066667 0.083333 0.11667 0.11667
iter=20 6.1959 3.4954 0.05 0.066667 0.05 0.05 0.05 0.05 0.066667
iter=21 5.8429 2.987 0.05 0.033333 0.05 0.05 0.066667 0.066667 0.05
iter=22 5.5124 3.3422 0.05 0.05 0.05 0.05 0.066667 0.066667 0.066667
iter=23 5.2004 3.2612 0.033333 0.05 0.05 0.033333 0.05 0.05 0.033333
iter=24 4.9054 2.9044 0.033333 0.05 0.033333 0.066667 0.066667 0.05 0.033333
iter=25 4.6238 2.8895 0.05 0.05 0.05 0.016667 0.05 0.016667 0.066667
iter=26 4.3547 3.2901 0.05 0.083333 0.05 0.05 0.033333 0.05 0.05
iter=27 4.1006 2.549 0.033333 0.016667 0.033333 0.05 0.033333 0.05 0.033333
iter=28 3.8632 3.2009 0.05 0.033333 0.05 0.05 0 0.033333 0.066667
iter=29 3.6423 2.5357 0.016667 0.05 0.05 0.033333 0.033333 0.033333 0.033333
iter=30 3.4357 2.5936 0.05 0.066667 0 0.016667 0.016667 0.033333 0.016667
iter=31 3.2428 1.7068 0.016667 0.016667 0.016667 0 0.016667 0.033333 0.016667
iter=32 3.0622 1.9528 0.033333 0.016667 0 0.016667 0.016667 0.016667 0.016667
iter=33 2.8928 1.7068 0.016667 0.016667 0.016667 0.016667 0.016667 0.033333 0.016667
iter=34 2.7339 1.7805 0.016667 0.016667 0.033333 0 0.016667 0.033333 0.016667
iter=35 2.5845 1.2069 0.016667 0.016667 0.016667 0.016667 0.016667 0.016667 0.016667
iter=36 2.4438 1.7068 0.016667 0.016667 0.016667 0.016667 0 0.016667 0.016667
iter=37 2.3116 1.7068 0.016667 0.016667 0.016667 0.016667 0.016667 0.016667 0
iter=38 2.1872 1.7068 0.016667 0.016667 0.016667 0.016667 0.016667 0.016667 0.016667
iter=39 2.07 1.7068 0.016667 0.016667 0.016667 0.016667 0.016667 0 0.016667
iter=40 1.9594 1.2069 0 0.016667 0 0 0.016667 0.016667 0.016667
iter=41 1.8553 1.7068 0.016667 0.016667 0.016667 0.016667 0 0 0
iter=42 1.7571 1.2069 0 0 0.016667 0.016667 0.016667 0.016667 0.016667
iter=43 1.6644 1.2069 0 0.016667 0.016667 0 0 0 0.016667
iter=44 1.5769 1.2069 0 0 0.016667 0.016667 0.016667 0.016667 0
iter=45 1.4942 1.7068 0.016667 0.033333 0.016667 0.016667 0 0 0.016667
iter=46 1.416 1.2069 0 0 0 0.016667 0.016667 0 0
iter=47 1.3419 1.9528 0 0 0.016667 0.016667 0.033333 0 0.033333
iter=48 1.2717 1.2069 0 0 0 0.016667 0 0.016667 0
iter=49 1.2051 1.2069 0 0.016667 0 0 0.016667 0 0.016667
iter=50 1.1418 1.7068 0.016667 0 0.016667 0.016667 0.016667 0 0.016667
iter=192 0.00019428 0 0 0 0 0 0 0 0
iter=193 0.00018266 0 0 0 0 0 0 0 0
iter=194 0.00017174 0 0 0 0 0 0 0 0
iter=195 0.00016146 0 0 0 0 0 0 0 0
iter=196 0.0001518 0 0 0 0 0 0 0 0
iter=197 0.00014272 0 0 0 0 0 0 0 0
iter=198 0.00013419 0 0 0 0 0 0 0 0
iter=199 0.00012616 0 0 0 0 0 0 0 0
iter=200 0.00011861 0 0 0 0 0 0 0 0
iter=201 0.00011152 0 0 0 0 0 0 0 0
iter=202 0.00010485 0 0 0 0 0 0 0 0
iter=203 9.8575e-05 0 0 0 0 0 0 0 0
iter=204 9.2679e-05 0 0 0 0 0 0 0 0
iter=205 8.7135e-05 0 0 0 0 0 0 0 0
iter=206 8.1922e-05 0 0 0 0 0 0 0 0
iter=207 7.7021e-05 0 0 0 0 0 0 0 0
iter=208 7.2414e-05 0 0 0 0 0 0 0 0
iter=209 6.8082e-05 0 0 0 0 0 0 0 0
iter=210 6.4009e-05 0 0 0 0 0 0 0 0
iter=211 6.0179e-05 0 0 0 0 0 0 0 0
iter=212 5.6579e-05 0 0 0 0 0 0 0 0
iter=213 5.3194e-05 0 0 0 0 0 0 0 0
iter=214 5.0012e-05 0 0 0 0 0 0 0 0
iter=215 4.702e-05 0 0 0 0 0 0 0 0
iter=216 4.4207e-05 0 0 0 0 0 0 0 0
iter=217 4.1562e-05 0 0 0 0 0 0 0 0
iter=218 3.9075e-05 0 0 0 0 0 0 0 0
iter=219 3.6737e-05 0 0 0 0 0 0 0 0
iter=220 3.4539e-05 0 0 0 0 0 0 0 0
iter=221 3.2473e-05 0 0 0 0 0 0 0 0
iter=222 3.053e-05 0 0 0 0 0 0 0 0
iter=223 2.8703e-05 0 0 0 0 0 0 0 0
iter=224 2.6986e-05 0 0 0 0 0 0 0 0
iter=225 2.5371e-05 0 0 0 0 0 0 0 0
iter=226 2.3853e-05 0 0 0 0 0 0 0 0
iter=227 2.2426e-05 0 0 0 0 0 0 0 0
iter=228 2.1084e-05 0 0 0 0 0 0 0 0
iter=229 1.9822e-05 0 0 0 0 0 0 0 0
iter=230 1.8636e-05 0 0 0 0 0 0 0 0
iter=231 1.7521e-05 0 0 0 0 0 0 0 0
iter=232 1.6473e-05 0 0 0 0 0 0 0 0
iter=233 1.5487e-05 0 0 0 0 0 0 0 0
iter=234 1.456e-05 0 0 0 0 0 0 0 0
iter=235 1.3689e-05 0 0 0 0 0 0 0 0
iter=236 1.287e-05 0 0 0 0 0 0 0 0
iter=237 1.21e-05 0 0 0 0 0 0 0 0
iter=238 1.1375e-05 0 0 0 0 0 0 0 0
iter=239 1.0695e-05 0 0 0 0 0 0 0 0
iter=240 1.0055e-05 0 0 0 0 0 0 0 0
iter=241 9.453e-06 0 0 0 0 0 0 0 0
tb_val: V(a,z) value at each state space point
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 -65.719 -64.75 -63.701 -62.024 -51.836 -44.423 -33.116
a2=-18.7931 -61.595 -60.636 -59.345 -53.04 -44.454 -38.034 -28.701
a3=-17.5862 -57.619 -56.458 -53.91 -46.184 -38.677 -32.989 -24.894
a4=-16.3793 -53.615 -51.925 -48.504 -40.464 -33.801 -28.707 -21.514
a5=-15.1724 -49.445 -47.276 -43.402 -35.522 -29.561 -24.963 -18.435
a6=-13.9655 -45.177 -42.706 -38.676 -31.173 -25.811 -21.625 -15.522
a7=-12.7586 -40.936 -38.33 -34.334 -27.3 -22.45 -18.594 -12.582
a8=-11.5517 -36.826 -34.21 -28.549 -22.692 -18.537 -15.183 -10.077
a9=-10.3448 -32.804 -29.655 -23.757 -18.834 -15.244 -12.301 -7.9205
a10=-9.13793 -28.68 -25.301 -19.769 -15.582 -12.453 -9.8473 -6.0345
a11=-7.93103 -24.662 -21.36 -16.399 -12.806 -10.056 -7.7214 -4.3614
a12=-6.72414 -20.922 -17.418 -13.34 -10.297 -7.892 -5.82 -2.9034
a13=-5.51724 -17.318 -14.03 -10.731 -8.1355 -6.0183 -4.163 -1.638
a14=-4.31034 -14.059 -11.284 -8.5551 -6.3062 -4.4198 -2.7413 -0.5241
a15=-3.10345 -11.272 -8.9996 -6.6963 -4.724 -3.0279 -1.498 0.46274
a16=-1.89655 -8.9144 -7.0648 -5.0875 -3.3389 -1.802 -0.39958 1.3365
a17=-0.689655 -6.9145 -5.4067 -3.686 -2.1235 -0.70192 0.68734 1.9816
a18=0 -5.581 -4.2967 -2.8989 -1.4728 -0.14647 1.1194 2.2961
a19=0.517241 -4.6291 -3.5073 -2.2908 -1.0167 0.22663 1.3856 2.5353
a20=1.72414 -3.2766 -2.3652 -1.3627 -0.25258 0.89926 1.9927 3.0634
a21=2.93103 -2.1159 -1.3577 -0.50301 0.45909 1.5279 2.5615 3.5627
a22=4.13793 -1.1013 -0.45319 0.28916 1.1201 2.1144 3.0943 4.0407
a23=5.34483 -0.19926 0.36649 1.0185 1.7498 2.6732 3.603 4.4997
a24=6.55172 0.61276 1.1143 1.6951 2.3561 3.2106 4.0922 4.9392
a25=7.75862 1.3507 1.802 2.3283 2.935 3.7241 4.5602 5.36
a26=8.96552 2.0271 2.4392 2.9232 3.4854 4.2132 5.007 5.7646
a27=10.1724 2.6521 3.0333 3.4833 4.0078 4.6787 5.4334 6.157
a28=11.3793 3.2333 3.5897 4.0117 4.5032 5.1215 5.8403 6.5371
a29=12.5862 3.7767 4.1126 4.5107 4.973 5.5425 6.2277 6.8993
a30=13.7931 4.2868 4.6053 4.9826 5.4186 5.943 6.5967 7.2446
a31=15 4.7672 5.0705 5.4293 5.8414 6.324 6.9483 7.5739
a32=16.2069 5.2208 5.5106 5.8527 6.2428 6.6924 7.2881 7.8923
a33=17.4138 5.6499 5.9276 6.2545 6.6254 7.0513 7.6186 8.2022
a34=18.6207 6.0565 6.3232 6.6365 6.9913 7.3983 7.9383 8.502
a35=19.8276 6.4425 6.6992 7.0006 7.3417 7.7329 8.2467 8.7915
a36=21.0345 6.8095 7.0573 7.3483 7.6776 8.0549 8.5437 9.0705
a37=22.2414 7.1591 7.3989 7.6807 7.9997 8.3645 8.8296 9.3392
a38=23.4483 7.4928 7.7254 7.999 8.3088 8.6621 9.1048 9.598
a39=24.6552 7.8117 8.0379 8.304 8.6054 8.9482 9.3697 9.8473
a40=25.8621 8.117 8.3373 8.5966 8.8903 9.2232 9.6246 10.087
a41=27.069 8.4096 8.6245 8.8776 9.164 9.4877 9.8702 10.319
a42=28.2759 8.6905 8.9003 9.1475 9.4272 9.7422 10.107 10.542
a43=29.4828 8.9603 9.1654 9.4071 9.6804 9.9871 10.335 10.757
a44=30.6897 9.2197 9.4204 9.6569 9.9241 10.223 10.556 10.966
a45=31.8966 9.4746 9.6658 9.8974 10.159 10.45 10.774 11.171
a46=33.1034 9.7203 9.9026 10.129 10.385 10.67 10.986 11.371
a47=34.3103 9.959 10.133 10.353 10.603 10.883 11.192 11.565
a48=35.5172 10.189 10.358 10.569 10.814 11.088 11.392 11.753
a49=36.7241 10.413 10.576 10.778 11.018 11.287 11.585 11.935
a50=37.931 10.63 10.788 10.98 11.215 11.48 11.772 12.111
a51=39.1379 10.841 10.994 11.179 11.407 11.666 11.954 12.283
a52=40.3448 11.047 11.193 11.372 11.592 11.847 12.129 12.449
a53=41.5517 11.246 11.388 11.561 11.773 12.022 12.3 12.61
a54=42.7586 11.439 11.577 11.745 11.948 12.193 12.465 12.767
a55=43.9655 11.628 11.761 11.924 12.119 12.358 12.626 12.919
a56=45.1724 11.811 11.94 12.098 12.285 12.519 12.782 13.067
a57=46.3793 11.989 12.115 12.269 12.45 12.676 12.935 13.211
a58=47.5862 12.163 12.286 12.434 12.61 12.83 13.083 13.352
a59=48.7931 12.333 12.452 12.596 12.767 12.979 13.227 13.489
a60=50 12.498 12.614 12.754 12.92 13.126 13.368 13.625
tb_pol_a: optimal asset choice for each state space point
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 -20 -20 -20 -18.793
a2=-18.7931 -20 -20 -20 -18.793 -18.793 -18.793 -17.586
a3=-17.5862 -18.793 -18.793 -18.793 -17.586 -17.586 -17.586 -16.379
a4=-16.3793 -17.586 -17.586 -17.586 -16.379 -16.379 -16.379 -15.172
a5=-15.1724 -16.379 -16.379 -16.379 -15.172 -15.172 -15.172 -13.966
a6=-13.9655 -15.172 -15.172 -15.172 -13.966 -13.966 -13.966 -12.759
a7=-12.7586 -13.966 -13.966 -13.966 -12.759 -12.759 -12.759 -11.552
a8=-11.5517 -12.759 -12.759 -11.552 -11.552 -11.552 -11.552 -10.345
a9=-10.3448 -11.552 -11.552 -10.345 -10.345 -10.345 -10.345 -9.1379
a10=-9.13793 -10.345 -10.345 -9.1379 -9.1379 -9.1379 -9.1379 -7.931
a11=-7.93103 -9.1379 -9.1379 -7.931 -7.931 -7.931 -6.7241 -6.7241
a12=-6.72414 -7.931 -6.7241 -6.7241 -6.7241 -6.7241 -6.7241 -5.5172
a13=-5.51724 -6.7241 -5.5172 -5.5172 -5.5172 -5.5172 -5.5172 -4.3103
a14=-4.31034 -5.5172 -4.3103 -4.3103 -4.3103 -4.3103 -4.3103 -3.1034
a15=-3.10345 -4.3103 -3.1034 -3.1034 -3.1034 -3.1034 -3.1034 -1.8966
a16=-1.89655 -3.1034 -1.8966 -1.8966 -1.8966 -1.8966 -1.8966 -0.68966
a17=-0.689655 -1.8966 -0.68966 -0.68966 -0.68966 -0.68966 0 0
a18=0 -0.68966 -0.68966 0 0 0 0.51724 0.51724
a19=0.517241 0 0 0 0.51724 0.51724 0.51724 1.7241
a20=1.72414 0.51724 0.51724 0.51724 1.7241 1.7241 1.7241 2.931
a21=2.93103 1.7241 1.7241 1.7241 2.931 2.931 2.931 4.1379
a22=4.13793 2.931 2.931 2.931 4.1379 4.1379 4.1379 5.3448
a23=5.34483 4.1379 4.1379 4.1379 4.1379 5.3448 5.3448 6.5517
a24=6.55172 5.3448 5.3448 5.3448 5.3448 6.5517 6.5517 7.7586
a25=7.75862 6.5517 6.5517 6.5517 6.5517 7.7586 7.7586 8.9655
a26=8.96552 7.7586 7.7586 7.7586 7.7586 8.9655 8.9655 10.172
a27=10.1724 8.9655 8.9655 8.9655 8.9655 10.172 10.172 10.172
a28=11.3793 10.172 10.172 10.172 10.172 11.379 11.379 11.379
a29=12.5862 11.379 11.379 11.379 11.379 12.586 12.586 12.586
a30=13.7931 12.586 12.586 12.586 12.586 13.793 13.793 13.793
a31=15 13.793 13.793 13.793 13.793 15 15 15
a32=16.2069 15 15 15 15 15 16.207 16.207
a33=17.4138 16.207 16.207 16.207 16.207 16.207 17.414 17.414
a34=18.6207 17.414 17.414 17.414 17.414 17.414 18.621 18.621
a35=19.8276 18.621 18.621 18.621 18.621 18.621 19.828 19.828
a36=21.0345 19.828 19.828 19.828 19.828 19.828 21.034 21.034
a37=22.2414 21.034 21.034 21.034 21.034 21.034 22.241 22.241
a38=23.4483 22.241 22.241 22.241 22.241 22.241 23.448 23.448
a39=24.6552 23.448 23.448 23.448 23.448 23.448 24.655 24.655
a40=25.8621 24.655 24.655 24.655 24.655 24.655 25.862 25.862
a41=27.069 25.862 25.862 25.862 25.862 25.862 27.069 27.069
a42=28.2759 27.069 27.069 27.069 27.069 27.069 28.276 28.276
a43=29.4828 28.276 28.276 28.276 28.276 28.276 29.483 29.483
a44=30.6897 29.483 29.483 29.483 29.483 29.483 29.483 30.69
a45=31.8966 29.483 30.69 30.69 30.69 30.69 30.69 31.897
a46=33.1034 30.69 31.897 31.897 31.897 31.897 31.897 33.103
a47=34.3103 31.897 31.897 33.103 33.103 33.103 33.103 34.31
a48=35.5172 33.103 33.103 34.31 34.31 34.31 34.31 35.517
a49=36.7241 34.31 34.31 35.517 35.517 35.517 35.517 36.724
a50=37.931 35.517 35.517 36.724 36.724 36.724 36.724 37.931
a51=39.1379 36.724 36.724 36.724 37.931 37.931 37.931 39.138
a52=40.3448 37.931 37.931 37.931 39.138 39.138 39.138 40.345
a53=41.5517 39.138 39.138 39.138 40.345 40.345 40.345 41.552
a54=42.7586 40.345 40.345 40.345 41.552 41.552 41.552 42.759
a55=43.9655 41.552 41.552 41.552 42.759 42.759 42.759 43.966
a56=45.1724 42.759 42.759 42.759 42.759 43.966 43.966 45.172
a57=46.3793 43.966 43.966 43.966 43.966 45.172 45.172 46.379
a58=47.5862 45.172 45.172 45.172 45.172 46.379 46.379 47.586
a59=48.7931 46.379 46.379 46.379 46.379 47.586 47.586 48.793
a60=50 47.586 47.586 47.586 47.586 48.793 48.793 48.793
mt_pol_b_bridge_print: bridge loans
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 -19.923 -19.537 -18.997 -18.245
a2=-18.7931 -19.279 -19.137 -18.939 -18.662 -18.276 -17.736 -16.984
a3=-17.5862 -18.018 -17.876 -17.678 -17.401 -17.014 -16.475 -15.722
a4=-16.3793 -16.757 -16.615 -16.416 -16.14 -15.753 -15.214 -14.461
a5=-15.1724 -15.496 -15.354 -15.155 -14.878 -14.492 -13.953 -13.2
a6=-13.9655 -14.235 -14.092 -13.894 -13.617 -13.231 -12.691 -11.939
a7=-12.7586 -12.973 -12.831 -12.633 -12.356 -11.97 -11.43 -10.678
a8=-11.5517 -11.712 -11.57 -11.372 -11.095 -10.708 -10.169 -9.4163
a9=-10.3448 -10.451 -10.309 -10.11 -9.8335 -9.4471 -8.9078 -8.1551
a10=-9.13793 -9.1898 -9.0476 -8.8492 -8.5723 -8.1859 -7.6466 -6.8939
a11=-7.93103 -7.9286 -7.7864 -7.588 -7.3111 -6.9247 -6.3854 -5.6327
a12=-6.72414 -6.6674 -6.5252 -6.3268 -6.0499 -5.6635 -5.1242 -4.3715
a13=-5.51724 -5.4062 -5.264 -5.0656 -4.7887 -4.4023 -3.863 -3.1103
a14=-4.31034 -4.145 -4.0028 -3.8044 -3.5275 -3.1411 -2.6018 -1.8491
a15=-3.10345 -2.8838 -2.7416 -2.5432 -2.2663 -1.8799 -1.3406 -0.58788
a16=-1.89655 -1.6226 -1.4804 -1.282 -1.0051 -0.61866 -0.079349 0
a17=-0.689655 -0.36134 -0.21918 -0.020782 0 0 0 0
a18=0 0 0 0 0 0 0 0
a19=0.517241 0 0 0 0 0 0 0
a20=1.72414 0 0 0 0 0 0 0
a21=2.93103 0 0 0 0 0 0 0
a22=4.13793 0 0 0 0 0 0 0
a23=5.34483 0 0 0 0 0 0 0
a24=6.55172 0 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_inf_borr_nobridge_print: bridge loans
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ __________
a1=-20 0 0 0 -0.0768 -0.46323 0 0
a2=-18.7931 0 0 -0.026115 -0.13111 -0.51755 -0.021858 0
a3=-17.5862 0 0 -0.080425 -0.18542 0 -0.076168 0
a4=-16.3793 0 0 -0.13474 -0.23973 0 -0.13048 0
a5=-15.1724 0 0 -0.18905 -0.29404 0 -0.18479 0
a6=-13.9655 0 -0.044954 -0.24336 -0.34835 0 -0.2391 0
a7=-12.7586 0 -0.099265 -0.29767 -0.40266 0 -0.29341 0
a8=-11.5517 -0.011414 -0.15357 -0.18008 -0.45697 0 -0.34772 0
a9=-10.3448 -0.065724 -0.20789 -0.23439 -0.51128 0 -0.40203 0
a10=-9.13793 -0.12003 -0.2622 -0.2887 0 0 -0.45634 -0.0021151
a11=-7.93103 -0.17434 -0.31651 -0.34301 0 0 -0.33875 -0.056425
a12=-6.72414 -0.22866 -0.19892 -0.39732 0 -0.025648 -0.56496 -0.11074
a13=-5.51724 -0.28297 -0.25323 -0.45163 0 -0.079959 -0.61927 -0.16505
a14=-4.31034 -0.33728 -0.30754 -0.50594 0 -0.13427 -0.67358 -0.21936
a15=-3.10345 -0.39159 -0.36185 0 0 -0.18858 -0.72789 -0.27367
a16=-1.89655 -0.4459 -0.41616 0 0 -0.24289 -0.7822 0
a17=-0.689655 -0.50021 -0.47047 0 0 0 0 0
a18=0 0 0 0 0 0 0 0
a19=0.517241 0 0 0 0 0 0 0
a20=1.72414 0 0 0 0 0 0 0
a21=2.93103 0 0 0 0 0 0 0
a22=4.13793 0 0 0 0 0 0 0
a23=5.34483 0 0 0 0 0 0 0
a24=6.55172 0 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_for_borr_print: formal borrowing
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 -1.035 -1.035
a2=-18.7931 -1.035 -1.035 -1.035 0 0 -1.035 -1.035
a3=-17.5862 -1.035 -1.035 -1.035 0 -1.035 -1.035 -1.035
a4=-16.3793 -1.035 -1.035 -1.035 0 -1.035 -1.035 -1.035
a5=-15.1724 -1.035 -1.035 -1.035 0 -1.035 -1.035 -1.035
a6=-13.9655 -1.035 -1.035 -1.035 0 -1.035 -1.035 -1.035
a7=-12.7586 -1.035 -1.035 -1.035 0 -1.035 -1.035 -1.035
a8=-11.5517 -1.035 -1.035 0 0 -1.035 -1.035 -1.035
a9=-10.3448 -1.035 -1.035 0 0 -1.035 -1.035 -1.035
a10=-9.13793 -1.035 -1.035 0 -1.035 -1.035 -1.035 -1.035
a11=-7.93103 -1.035 -1.035 0 -1.035 -1.035 0 -1.035
a12=-6.72414 -1.035 0 0 -1.035 -1.035 -1.035 -1.035
a13=-5.51724 -1.035 0 0 -1.035 -1.035 -1.035 -1.035
a14=-4.31034 -1.035 0 0 -1.035 -1.035 -1.035 -1.035
a15=-3.10345 -1.035 0 -1.035 -1.035 -1.035 -1.035 -1.035
a16=-1.89655 -1.035 0 -1.035 -1.035 -1.035 -1.035 -1.035
a17=-0.689655 -1.035 0 -1.035 -1.035 -1.035 0 0
a18=0 -1.035 -1.035 0 0 0 0 0
a19=0.517241 0 0 0 0 0 0 0
a20=1.72414 0 0 0 0 0 0 0
a21=2.93103 0 0 0 0 0 0 0
a22=4.13793 0 0 0 0 0 0 0
a23=5.34483 0 0 0 0 0 0 0
a24=6.55172 0 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_for_save_print: formal savings
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0.032453 0.48668
a2=-18.7931 0.31445 0.17229 0 0 0 0 0.43237
a3=-17.5862 0.26014 0.11798 0 0 0.46314 0 0.37806
a4=-16.3793 0.20583 0.063666 0 0 0.40883 0 0.32375
a5=-15.1724 0.15152 0.0093561 0 0 0.35452 0 0.26944
a6=-13.9655 0.097207 0 0 0 0.30021 0 0.21513
a7=-12.7586 0.042897 0 0 0 0.2459 0 0.16082
a8=-11.5517 0 0 0 0 0.19159 0 0.10651
a9=-10.3448 0 0 0 0 0.13728 0 0.052195
a10=-9.13793 0 0 0 0.46941 0.082972 0 0
a11=-7.93103 0 0 0 0.4151 0.028662 0 0
a12=-6.72414 0 0 0 0.36079 0 0 0
a13=-5.51724 0 0 0 0.30648 0 0 0
a14=-4.31034 0 0 0 0.25217 0 0 0
a15=-3.10345 0 0 0.47475 0.19785 0 0 0
a16=-1.89655 0 0 0.42044 0.14354 0 0 0.34534
a17=-0.689655 0 0 0.36613 0.34534 0.34534 0 0
a18=0 0.34534 0.34534 0 0 0 0.51724 0.51724
a19=0.517241 0 0 0 0.51724 0.51724 0.51724 1.7241
a20=1.72414 0.51724 0.51724 0.51724 1.7241 1.7241 1.7241 2.931
a21=2.93103 1.7241 1.7241 1.7241 2.931 2.931 2.931 4.1379
a22=4.13793 2.931 2.931 2.931 4.1379 4.1379 4.1379 5.3448
a23=5.34483 4.1379 4.1379 4.1379 4.1379 5.3448 5.3448 6.5517
a24=6.55172 5.3448 5.3448 5.3448 5.3448 6.5517 6.5517 7.7586
a25=7.75862 6.5517 6.5517 6.5517 6.5517 7.7586 7.7586 8.9655
a26=8.96552 7.7586 7.7586 7.7586 7.7586 8.9655 8.9655 10.172
a27=10.1724 8.9655 8.9655 8.9655 8.9655 10.172 10.172 10.172
a28=11.3793 10.172 10.172 10.172 10.172 11.379 11.379 11.379
a29=12.5862 11.379 11.379 11.379 11.379 12.586 12.586 12.586
a30=13.7931 12.586 12.586 12.586 12.586 13.793 13.793 13.793
a31=15 13.793 13.793 13.793 13.793 15 15 15
a32=16.2069 15 15 15 15 15 16.207 16.207
a33=17.4138 16.207 16.207 16.207 16.207 16.207 17.414 17.414
a34=18.6207 17.414 17.414 17.414 17.414 17.414 18.621 18.621
a35=19.8276 18.621 18.621 18.621 18.621 18.621 19.828 19.828
a36=21.0345 19.828 19.828 19.828 19.828 19.828 21.034 21.034
a37=22.2414 21.034 21.034 21.034 21.034 21.034 22.241 22.241
a38=23.4483 22.241 22.241 22.241 22.241 22.241 23.448 23.448
a39=24.6552 23.448 23.448 23.448 23.448 23.448 24.655 24.655
a40=25.8621 24.655 24.655 24.655 24.655 24.655 25.862 25.862
a41=27.069 25.862 25.862 25.862 25.862 25.862 27.069 27.069
a42=28.2759 27.069 27.069 27.069 27.069 27.069 28.276 28.276
a43=29.4828 28.276 28.276 28.276 28.276 28.276 29.483 29.483
a44=30.6897 29.483 29.483 29.483 29.483 29.483 29.483 30.69
a45=31.8966 29.483 30.69 30.69 30.69 30.69 30.69 31.897
a46=33.1034 30.69 31.897 31.897 31.897 31.897 31.897 33.103
a47=34.3103 31.897 31.897 33.103 33.103 33.103 33.103 34.31
a48=35.5172 33.103 33.103 34.31 34.31 34.31 34.31 35.517
a49=36.7241 34.31 34.31 35.517 35.517 35.517 35.517 36.724
a50=37.931 35.517 35.517 36.724 36.724 36.724 36.724 37.931
a51=39.1379 36.724 36.724 36.724 37.931 37.931 37.931 39.138
a52=40.3448 37.931 37.931 37.931 39.138 39.138 39.138 40.345
a53=41.5517 39.138 39.138 39.138 40.345 40.345 40.345 41.552
a54=42.7586 40.345 40.345 40.345 41.552 41.552 41.552 42.759
a55=43.9655 41.552 41.552 41.552 42.759 42.759 42.759 43.966
a56=45.1724 42.759 42.759 42.759 42.759 43.966 43.966 45.172
a57=46.3793 43.966 43.966 43.966 43.966 45.172 45.172 46.379
a58=47.5862 45.172 45.172 45.172 45.172 46.379 46.379 47.586
a59=48.7931 46.379 46.379 46.379 46.379 47.586 47.586 48.793
a60=50 47.586 47.586 47.586 47.586 48.793 48.793 48.793
Save/Borrow, Can Default, No Bridge, No Rollover: cmin = 0.001, default takes place
Default is allowed, borrowing is allowed, minimum consumption = 0.01, higher than previous.
[param_map, support_map] = ffs_abz_fibs_set_default_param(it_param_set); % allow for borrowing, when using a very large negative value for fl_b_bd % that means the natural borrowing constraint will bind. param_map('fl_b_bd') = -20; param_map('bl_default') = 1; param_map('bl_bridge') = false; param_map('bl_rollover') = false; param_map('fl_c_min') = 0.001; % shared parameters param_map('fl_a_min') = 0; param_map('fl_a_max') = fl_a_max; param_map('it_a_n') = it_a_n; param_map('fl_r_save') = fl_r_save; param_map('fl_r_borr') = fl_r_borr; param_map('fl_w') = fl_w; % solution param_map('it_z_n') = it_z_n; param_map('it_maxiter_val') = it_maxiter_val; % Display Parameters support_map('bl_display') = bl_display; support_map('bl_post') = bl_post; support_map('bl_display_final') = bl_display_final; % Call Program ff_abz_fibs_vf_vecsv(param_map, support_map); % Snap snapnow; close all; clear all;
Elapsed time is 0.096926 seconds.
valgap = norm(mt_val - mt_val_cur): value function difference across iterations
polgap = norm(mt_pol_a - mt_pol_a_cur): policy function difference across iterations
z1 = z1 perc change: sum((mt_pol_a ~= mt_pol_a_cur))/(it_a_n): percentage of state space points conditional on shock where the policy function is changing across iterations
valgap polgap z1 z2 z3 z4 z5 z6 z7
__________ ______ ________ ________ ________ ________ ________ ________ ________
iter=1 647.03 330.99 1 1 1 1 1 1 1
iter=2 27.368 438.47 0.75 0.75 0.75 0.75 0.75 0.75 0.75
iter=3 18.256 147.57 0.68333 0.68333 0.68333 0.7 0.7 0.73333 0.73333
iter=4 14.939 78.123 0.63333 0.63333 0.63333 0.63333 0.66667 0.66667 0.7
iter=5 12.351 42.047 0.58333 0.58333 0.58333 0.6 0.61667 0.61667 0.65
iter=6 10.363 25.073 0.51667 0.51667 0.51667 0.51667 0.53333 0.55 0.53333
iter=7 8.7865 17.062 0.43333 0.43333 0.43333 0.43333 0.46667 0.48333 0.45
iter=8 7.5037 12.727 0.33333 0.33333 0.33333 0.35 0.35 0.36667 0.35
iter=9 6.4469 10.324 0.25 0.25 0.25 0.26667 0.26667 0.26667 0.26667
iter=10 5.5592 8.3919 0.15 0.18333 0.18333 0.18333 0.18333 0.21667 0.2
iter=11 4.8233 7.7478 0.15 0.15 0.16667 0.16667 0.16667 0.16667 0.18333
iter=12 4.178 6.8945 0.13333 0.11667 0.11667 0.11667 0.11667 0.15 0.16667
iter=13 3.6518 5.756 0.083333 0.083333 0.1 0.1 0.1 0.1 0.11667
iter=14 3.1927 5.9451 0.1 0.1 0.083333 0.11667 0.1 0.1 0.11667
iter=15 2.7829 5.9206 0.1 0.083333 0.1 0.083333 0.05 0.1 0.11667
iter=16 2.4377 3.7387 0.05 0.05 0.033333 0.05 0.066667 0.066667 0.05
iter=17 2.1589 3.9712 0.05 0.05 0.05 0.05 0.05 0.05 0.05
iter=18 1.9116 3.9312 0.05 0.05 0.05 0.05 0.033333 0.033333 0.066667
iter=19 1.6915 3.8859 0.05 0.05 0.05 0.05 0.066667 0.05 0.05
iter=20 1.4953 3.7853 0.05 0.05 0.033333 0.033333 0.033333 0.033333 0.05
iter=21 1.3222 3.7337 0.033333 0.05 0.05 0.05 0.016667 0.05 0.066667
iter=22 1.1742 3.1297 0.033333 0.033333 0.05 0.033333 0 0.033333 0.05
iter=23 1.0536 2.3315 0.033333 0.033333 0.016667 0.016667 0.016667 0.016667 0.016667
iter=24 0.95814 2.2301 0.033333 0.016667 0.016667 0.016667 0.016667 0.033333 0.016667
iter=25 0.87526 1.7068 0 0.016667 0.016667 0.016667 0.033333 0.033333 0
iter=26 0.80189 1.9528 0 0.016667 0.016667 0.016667 0.016667 0.016667 0.033333
iter=27 0.73663 1.7068 0.016667 0 0.016667 0.016667 0.016667 0.016667 0.016667
iter=28 0.67879 1.2069 0 0.016667 0.016667 0.016667 0 0 0
iter=29 0.62761 1.7068 0 0 0.016667 0.016667 0.016667 0 0.016667
iter=30 0.58224 1.7068 0 0 0.016667 0.016667 0.016667 0.016667 0.016667
iter=31 0.54205 1.2069 0.016667 0.016667 0 0 0.016667 0 0.016667
iter=32 0.50648 1.7068 0 0 0.016667 0.016667 0.016667 0 0.016667
iter=33 0.47497 1.7068 0 0 0 0.016667 0 0 0.016667
iter=34 0.44718 1.7068 0 0 0 0.016667 0.016667 0 0.016667
iter=35 0.42262 1.2069 0 0 0 0.016667 0.016667 0.016667 0
iter=36 0.40065 1.2069 0 0.016667 0.016667 0.016667 0.016667 0 0.016667
iter=37 0.38064 1.2069 0 0 0 0 0.016667 0 0.016667
iter=38 0.36209 1.7068 0 0 0 0.016667 0 0 0.016667
iter=39 0.3446 1.2069 0 0 0 0 0.016667 0 0.016667
iter=40 0.32791 1.2069 0.016667 0 0 0 0 0 0.016667
iter=41 0.31186 0 0 0 0 0 0 0 0
iter=42 0.29636 1.2069 0 0 0 0.016667 0 0 0.016667
iter=43 0.28135 1.2069 0 0 0.016667 0 0 0 0
iter=44 0.26685 0 0 0 0 0 0 0 0
iter=45 0.25285 1.2069 0 0 0 0 0 0 0.016667
iter=46 0.2394 0 0 0 0 0 0 0 0
iter=47 0.22652 0 0 0 0 0 0 0 0
iter=48 0.21421 0 0 0 0 0 0 0 0
iter=49 0.20247 0 0 0 0 0 0 0 0
iter=50 0.19127 0 0 0 0 0 0 0 0
iter=162 0.00019721 0 0 0 0 0 0 0 0
iter=163 0.00018537 0 0 0 0 0 0 0 0
iter=164 0.00017425 0 0 0 0 0 0 0 0
iter=165 0.0001638 0 0 0 0 0 0 0 0
iter=166 0.00015397 0 0 0 0 0 0 0 0
iter=167 0.00014473 0 0 0 0 0 0 0 0
iter=168 0.00013605 0 0 0 0 0 0 0 0
iter=169 0.00012788 0 0 0 0 0 0 0 0
iter=170 0.00012021 0 0 0 0 0 0 0 0
iter=171 0.000113 0 0 0 0 0 0 0 0
iter=172 0.00010622 0 0 0 0 0 0 0 0
iter=173 9.9845e-05 0 0 0 0 0 0 0 0
iter=174 9.3855e-05 0 0 0 0 0 0 0 0
iter=175 8.8223e-05 0 0 0 0 0 0 0 0
iter=176 8.293e-05 0 0 0 0 0 0 0 0
iter=177 7.7954e-05 0 0 0 0 0 0 0 0
iter=178 7.3277e-05 0 0 0 0 0 0 0 0
iter=179 6.888e-05 0 0 0 0 0 0 0 0
iter=180 6.4747e-05 0 0 0 0 0 0 0 0
iter=181 6.0863e-05 0 0 0 0 0 0 0 0
iter=182 5.7211e-05 0 0 0 0 0 0 0 0
iter=183 5.3778e-05 0 0 0 0 0 0 0 0
iter=184 5.0552e-05 0 0 0 0 0 0 0 0
iter=185 4.7518e-05 0 0 0 0 0 0 0 0
iter=186 4.4667e-05 0 0 0 0 0 0 0 0
iter=187 4.1987e-05 0 0 0 0 0 0 0 0
iter=188 3.9468e-05 0 0 0 0 0 0 0 0
iter=189 3.71e-05 0 0 0 0 0 0 0 0
iter=190 3.4874e-05 0 0 0 0 0 0 0 0
iter=191 3.2782e-05 0 0 0 0 0 0 0 0
iter=192 3.0815e-05 0 0 0 0 0 0 0 0
iter=193 2.8966e-05 0 0 0 0 0 0 0 0
iter=194 2.7228e-05 0 0 0 0 0 0 0 0
iter=195 2.5594e-05 0 0 0 0 0 0 0 0
iter=196 2.4059e-05 0 0 0 0 0 0 0 0
iter=197 2.2615e-05 0 0 0 0 0 0 0 0
iter=198 2.1258e-05 0 0 0 0 0 0 0 0
iter=199 1.9983e-05 0 0 0 0 0 0 0 0
iter=200 1.8784e-05 0 0 0 0 0 0 0 0
iter=201 1.7657e-05 0 0 0 0 0 0 0 0
iter=202 1.6597e-05 0 0 0 0 0 0 0 0
iter=203 1.5601e-05 0 0 0 0 0 0 0 0
iter=204 1.4665e-05 0 0 0 0 0 0 0 0
iter=205 1.3785e-05 0 0 0 0 0 0 0 0
iter=206 1.2958e-05 0 0 0 0 0 0 0 0
iter=207 1.2181e-05 0 0 0 0 0 0 0 0
iter=208 1.145e-05 0 0 0 0 0 0 0 0
iter=209 1.0763e-05 0 0 0 0 0 0 0 0
iter=210 1.0117e-05 0 0 0 0 0 0 0 0
iter=211 9.5101e-06 0 0 0 0 0 0 0 0
tb_val: V(a,z) value at each state space point
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a2=-18.7931 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a3=-17.5862 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a4=-16.3793 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a5=-15.1724 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a6=-13.9655 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a7=-12.7586 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a8=-11.5517 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a9=-10.3448 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a10=-9.13793 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a11=-7.93103 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a12=-6.72414 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a13=-5.51724 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a14=-4.31034 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a15=-3.10345 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 -59.872
a16=-1.89655 -66.279 -65.073 -63.884 -62.776 -61.743 -60.766 1.2408
a17=-0.689655 -66.279 -65.073 -63.884 -3.5701 -1.0478 0.59941 1.9035
a18=0 -6.4441 -4.7148 -3.0818 -1.5988 -0.24829 1.0322 2.2204
a19=0.517241 -5.1887 -3.8306 -2.4737 -1.1409 0.12586 1.2985 2.4655
a20=1.72414 -3.668 -2.6249 -1.5339 -0.36791 0.80571 1.9119 2.9998
a21=2.93103 -2.4081 -1.5722 -0.65781 0.35515 1.4435 2.4885 3.5038
a22=4.13793 -1.3308 -0.63376 0.15168 1.0278 2.0393 3.0288 3.9833
a23=5.34483 -0.38623 0.21268 0.89758 1.6575 2.5988 3.5382 4.445
a24=6.55172 0.45674 0.982 1.5862 2.2672 3.1393 4.0302 4.8875
a25=7.75862 1.2181 1.6863 2.2293 2.8508 3.6567 4.5017 5.311
a26=8.96552 1.9125 2.3366 2.8327 3.4066 4.1502 4.952 5.7174
a27=10.1724 2.5515 2.9414 3.4005 3.9345 4.62 5.3818 6.1099
a28=11.3793 3.144 3.5067 3.9357 4.4352 5.0671 5.7925 6.4934
a29=12.5862 3.6966 4.0373 4.441 4.9101 5.4922 6.1835 6.8589
a30=13.7931 4.2144 4.5367 4.9186 5.3606 5.8965 6.5559 7.2073
a31=15 4.7015 5.0079 5.3705 5.7879 6.2812 6.9107 7.5395
a32=16.2069 5.1609 5.4533 5.7987 6.1936 6.6496 7.2508 7.8581
a33=17.4138 5.5952 5.875 6.2048 6.5794 7.0097 7.5826 8.1691
a34=18.6207 6.0064 6.2749 6.5907 6.9482 7.3586 7.9039 8.4705
a35=19.8276 6.3966 6.6548 6.9581 7.3014 7.6952 8.214 8.7616
a36=21.0345 6.7673 7.0163 7.3087 7.6398 8.0192 8.5128 9.0422
a37=22.2414 7.1202 7.3609 7.6439 7.9643 8.3309 8.8005 9.3125
a38=23.4483 7.4567 7.6902 7.9647 8.2755 8.6305 9.0774 9.5729
a39=24.6552 7.7783 8.0051 8.272 8.5743 8.9185 9.3439 9.8237
a40=25.8621 8.086 8.3068 8.5667 8.8611 9.1953 9.6005 10.065
a41=27.069 8.3808 8.5961 8.8497 9.1367 9.4616 9.8476 10.298
a42=28.2759 8.6636 8.8738 9.1214 9.4016 9.7177 10.086 10.523
a43=29.4828 8.9352 9.1406 9.3827 9.6565 9.9641 10.315 10.739
a44=30.6897 9.1963 9.3972 9.634 9.9017 10.201 10.537 10.948
a45=31.8966 9.4512 9.6442 9.876 10.138 10.43 10.755 11.154
a46=33.1034 9.6985 9.8823 10.109 10.365 10.651 10.968 11.354
a47=34.3103 9.938 10.112 10.334 10.585 10.865 11.175 11.549
a48=35.5172 10.17 10.339 10.551 10.797 11.071 11.375 11.738
a49=36.7241 10.394 10.558 10.761 11.002 11.271 11.569 11.921
a50=37.931 10.612 10.771 10.964 11.2 11.465 11.757 12.098
a51=39.1379 10.824 10.977 11.163 11.392 11.652 11.94 12.27
a52=40.3448 11.03 11.177 11.357 11.578 11.834 12.116 12.437
a53=41.5517 11.23 11.372 11.546 11.76 12.01 12.288 12.599
a54=42.7586 11.424 11.562 11.731 11.936 12.181 12.454 12.756
a55=43.9655 11.613 11.747 11.911 12.107 12.347 12.615 12.909
a56=45.1724 11.797 11.927 12.086 12.274 12.509 12.772 13.057
a57=46.3793 11.976 12.102 12.256 12.438 12.666 12.925 13.202
a58=47.5862 12.15 12.273 12.423 12.599 12.82 13.073 13.343
a59=48.7931 12.32 12.44 12.585 12.756 12.97 13.218 13.481
a60=50 12.486 12.602 12.743 12.91 13.117 13.36 13.616
tb_pol_a: optimal asset choice for each state space point
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0 0
a2=-18.7931 0 0 0 0 0 0 0
a3=-17.5862 0 0 0 0 0 0 0
a4=-16.3793 0 0 0 0 0 0 0
a5=-15.1724 0 0 0 0 0 0 0
a6=-13.9655 0 0 0 0 0 0 0
a7=-12.7586 0 0 0 0 0 0 0
a8=-11.5517 0 0 0 0 0 0 0
a9=-10.3448 0 0 0 0 0 0 0
a10=-9.13793 0 0 0 0 0 0 0
a11=-7.93103 0 0 0 0 0 0 0
a12=-6.72414 0 0 0 0 0 0 0
a13=-5.51724 0 0 0 0 0 0 0
a14=-4.31034 0 0 0 0 0 0 0
a15=-3.10345 0 0 0 0 0 0 0
a16=-1.89655 -20 -20 -20 -20 -20 -20 -0.68966
a17=-0.689655 -20 -20 -20 0 0 0 0
a18=0 0 0 0 0 0 0.51724 0.51724
a19=0.517241 0 0 0 0.51724 0.51724 0.51724 1.7241
a20=1.72414 0.51724 0.51724 0.51724 1.7241 1.7241 1.7241 2.931
a21=2.93103 1.7241 1.7241 1.7241 2.931 2.931 2.931 4.1379
a22=4.13793 2.931 2.931 2.931 4.1379 4.1379 4.1379 5.3448
a23=5.34483 4.1379 4.1379 4.1379 4.1379 5.3448 5.3448 6.5517
a24=6.55172 5.3448 5.3448 5.3448 5.3448 6.5517 6.5517 7.7586
a25=7.75862 6.5517 6.5517 6.5517 6.5517 7.7586 7.7586 8.9655
a26=8.96552 7.7586 7.7586 7.7586 7.7586 8.9655 8.9655 10.172
a27=10.1724 8.9655 8.9655 8.9655 8.9655 10.172 10.172 10.172
a28=11.3793 10.172 10.172 10.172 10.172 11.379 11.379 11.379
a29=12.5862 11.379 11.379 11.379 11.379 12.586 12.586 12.586
a30=13.7931 12.586 12.586 12.586 12.586 13.793 13.793 13.793
a31=15 13.793 13.793 13.793 13.793 15 15 15
a32=16.2069 15 15 15 15 15 16.207 16.207
a33=17.4138 16.207 16.207 16.207 16.207 16.207 17.414 17.414
a34=18.6207 17.414 17.414 17.414 17.414 17.414 18.621 18.621
a35=19.8276 18.621 18.621 18.621 18.621 18.621 19.828 19.828
a36=21.0345 19.828 19.828 19.828 19.828 19.828 21.034 21.034
a37=22.2414 21.034 21.034 21.034 21.034 21.034 22.241 22.241
a38=23.4483 22.241 22.241 22.241 22.241 22.241 23.448 23.448
a39=24.6552 23.448 23.448 23.448 23.448 23.448 24.655 24.655
a40=25.8621 24.655 24.655 24.655 24.655 24.655 25.862 25.862
a41=27.069 25.862 25.862 25.862 25.862 25.862 27.069 27.069
a42=28.2759 27.069 27.069 27.069 27.069 27.069 28.276 28.276
a43=29.4828 28.276 28.276 28.276 28.276 28.276 29.483 29.483
a44=30.6897 29.483 29.483 29.483 29.483 29.483 29.483 30.69
a45=31.8966 29.483 30.69 30.69 30.69 30.69 30.69 31.897
a46=33.1034 30.69 31.897 31.897 31.897 31.897 31.897 33.103
a47=34.3103 31.897 31.897 33.103 33.103 33.103 33.103 34.31
a48=35.5172 33.103 33.103 34.31 34.31 34.31 34.31 35.517
a49=36.7241 34.31 34.31 35.517 35.517 35.517 35.517 36.724
a50=37.931 35.517 35.517 36.724 36.724 36.724 36.724 37.931
a51=39.1379 36.724 36.724 36.724 37.931 37.931 37.931 39.138
a52=40.3448 37.931 37.931 37.931 39.138 39.138 39.138 40.345
a53=41.5517 39.138 39.138 39.138 40.345 40.345 40.345 41.552
a54=42.7586 40.345 40.345 40.345 41.552 41.552 41.552 42.759
a55=43.9655 41.552 41.552 41.552 42.759 42.759 42.759 43.966
a56=45.1724 42.759 42.759 42.759 43.966 43.966 43.966 45.172
a57=46.3793 43.966 43.966 43.966 43.966 45.172 45.172 46.379
a58=47.5862 45.172 45.172 45.172 45.172 46.379 46.379 47.586
a59=48.7931 46.379 46.379 46.379 46.379 47.586 47.586 48.793
a60=50 47.586 47.586 47.586 47.586 48.793 48.793 48.793
mt_pol_b_bridge_print: bridge loans
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0 0
a2=-18.7931 0 0 0 0 0 0 0
a3=-17.5862 0 0 0 0 0 0 0
a4=-16.3793 0 0 0 0 0 0 0
a5=-15.1724 0 0 0 0 0 0 0
a6=-13.9655 0 0 0 0 0 0 0
a7=-12.7586 0 0 0 0 0 0 0
a8=-11.5517 0 0 0 0 0 0 0
a9=-10.3448 0 0 0 0 0 0 0
a10=-9.13793 0 0 0 0 0 0 0
a11=-7.93103 0 0 0 0 0 0 0
a12=-6.72414 0 0 0 0 0 0 0
a13=-5.51724 0 0 0 0 0 0 0
a14=-4.31034 0 0 0 0 0 0 0
a15=-3.10345 0 0 0 0 0 0 0
a16=-1.89655 0 0 0 0 0 0 0
a17=-0.689655 0 0 0 0 0 0 0
a18=0 0 0 0 0 0 0 0
a19=0.517241 0 0 0 0 0 0 0
a20=1.72414 0 0 0 0 0 0 0
a21=2.93103 0 0 0 0 0 0 0
a22=4.13793 0 0 0 0 0 0 0
a23=5.34483 0 0 0 0 0 0 0
a24=6.55172 0 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_inf_borr_nobridge_print: bridge loans
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0 0
a2=-18.7931 0 0 0 0 0 0 0
a3=-17.5862 0 0 0 0 0 0 0
a4=-16.3793 0 0 0 0 0 0 0
a5=-15.1724 0 0 0 0 0 0 0
a6=-13.9655 0 0 0 0 0 0 0
a7=-12.7586 0 0 0 0 0 0 0
a8=-11.5517 0 0 0 0 0 0 0
a9=-10.3448 0 0 0 0 0 0 0
a10=-9.13793 0 0 0 0 0 0 0
a11=-7.93103 0 0 0 0 0 0 0
a12=-6.72414 0 0 0 0 0 0 0
a13=-5.51724 0 0 0 0 0 0 0
a14=-4.31034 0 0 0 0 0 0 0
a15=-3.10345 0 0 0 0 0 0 0
a16=-1.89655 -0.335 -0.335 -0.335 -0.335 -0.335 -0.335 0
a17=-0.689655 -0.335 -0.335 -0.335 0 0 0 0
a18=0 0 0 0 0 0 0 0
a19=0.517241 0 0 0 0 0 0 0
a20=1.72414 0 0 0 0 0 0 0
a21=2.93103 0 0 0 0 0 0 0
a22=4.13793 0 0 0 0 0 0 0
a23=5.34483 0 0 0 0 0 0 0
a24=6.55172 0 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_for_borr_print: formal borrowing
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0 0
a2=-18.7931 0 0 0 0 0 0 0
a3=-17.5862 0 0 0 0 0 0 0
a4=-16.3793 0 0 0 0 0 0 0
a5=-15.1724 0 0 0 0 0 0 0
a6=-13.9655 0 0 0 0 0 0 0
a7=-12.7586 0 0 0 0 0 0 0
a8=-11.5517 0 0 0 0 0 0 0
a9=-10.3448 0 0 0 0 0 0 0
a10=-9.13793 0 0 0 0 0 0 0
a11=-7.93103 0 0 0 0 0 0 0
a12=-6.72414 0 0 0 0 0 0 0
a13=-5.51724 0 0 0 0 0 0 0
a14=-4.31034 0 0 0 0 0 0 0
a15=-3.10345 0 0 0 0 0 0 0
a16=-1.89655 -19.665 -19.665 -19.665 -19.665 -19.665 -19.665 -1.035
a17=-0.689655 -19.665 -19.665 -19.665 0 0 0 0
a18=0 0 0 0 0 0 0 0
a19=0.517241 0 0 0 0 0 0 0
a20=1.72414 0 0 0 0 0 0 0
a21=2.93103 0 0 0 0 0 0 0
a22=4.13793 0 0 0 0 0 0 0
a23=5.34483 0 0 0 0 0 0 0
a24=6.55172 0 0 0 0 0 0 0
a25=7.75862 0 0 0 0 0 0 0
a26=8.96552 0 0 0 0 0 0 0
a27=10.1724 0 0 0 0 0 0 0
a28=11.3793 0 0 0 0 0 0 0
a29=12.5862 0 0 0 0 0 0 0
a30=13.7931 0 0 0 0 0 0 0
a31=15 0 0 0 0 0 0 0
a32=16.2069 0 0 0 0 0 0 0
a33=17.4138 0 0 0 0 0 0 0
a34=18.6207 0 0 0 0 0 0 0
a35=19.8276 0 0 0 0 0 0 0
a36=21.0345 0 0 0 0 0 0 0
a37=22.2414 0 0 0 0 0 0 0
a38=23.4483 0 0 0 0 0 0 0
a39=24.6552 0 0 0 0 0 0 0
a40=25.8621 0 0 0 0 0 0 0
a41=27.069 0 0 0 0 0 0 0
a42=28.2759 0 0 0 0 0 0 0
a43=29.4828 0 0 0 0 0 0 0
a44=30.6897 0 0 0 0 0 0 0
a45=31.8966 0 0 0 0 0 0 0
a46=33.1034 0 0 0 0 0 0 0
a47=34.3103 0 0 0 0 0 0 0
a48=35.5172 0 0 0 0 0 0 0
a49=36.7241 0 0 0 0 0 0 0
a50=37.931 0 0 0 0 0 0 0
a51=39.1379 0 0 0 0 0 0 0
a52=40.3448 0 0 0 0 0 0 0
a53=41.5517 0 0 0 0 0 0 0
a54=42.7586 0 0 0 0 0 0 0
a55=43.9655 0 0 0 0 0 0 0
a56=45.1724 0 0 0 0 0 0 0
a57=46.3793 0 0 0 0 0 0 0
a58=47.5862 0 0 0 0 0 0 0
a59=48.7931 0 0 0 0 0 0 0
a60=50 0 0 0 0 0 0 0
mt_pol_for_save_print: formal savings
z1_0_34387 z2_0_47991 z3_0_66977 z4_0_93474 z5_1_3045 z6_1_8206 z7_2_5409
__________ __________ __________ __________ _________ _________ _________
a1=-20 0 0 0 0 0 0 0
a2=-18.7931 0 0 0 0 0 0 0
a3=-17.5862 0 0 0 0 0 0 0
a4=-16.3793 0 0 0 0 0 0 0
a5=-15.1724 0 0 0 0 0 0 0
a6=-13.9655 0 0 0 0 0 0 0
a7=-12.7586 0 0 0 0 0 0 0
a8=-11.5517 0 0 0 0 0 0 0
a9=-10.3448 0 0 0 0 0 0 0
a10=-9.13793 0 0 0 0 0 0 0
a11=-7.93103 0 0 0 0 0 0 0
a12=-6.72414 0 0 0 0 0 0 0
a13=-5.51724 0 0 0 0 0 0 0
a14=-4.31034 0 0 0 0 0 0 0
a15=-3.10345 0 0 0 0 0 0 0
a16=-1.89655 0 0 0 0 0 0 0.34534
a17=-0.689655 0 0 0 0 0 0 0
a18=0 0 0 0 0 0 0.51724 0.51724
a19=0.517241 0 0 0 0.51724 0.51724 0.51724 1.7241
a20=1.72414 0.51724 0.51724 0.51724 1.7241 1.7241 1.7241 2.931
a21=2.93103 1.7241 1.7241 1.7241 2.931 2.931 2.931 4.1379
a22=4.13793 2.931 2.931 2.931 4.1379 4.1379 4.1379 5.3448
a23=5.34483 4.1379 4.1379 4.1379 4.1379 5.3448 5.3448 6.5517
a24=6.55172 5.3448 5.3448 5.3448 5.3448 6.5517 6.5517 7.7586
a25=7.75862 6.5517 6.5517 6.5517 6.5517 7.7586 7.7586 8.9655
a26=8.96552 7.7586 7.7586 7.7586 7.7586 8.9655 8.9655 10.172
a27=10.1724 8.9655 8.9655 8.9655 8.9655 10.172 10.172 10.172
a28=11.3793 10.172 10.172 10.172 10.172 11.379 11.379 11.379
a29=12.5862 11.379 11.379 11.379 11.379 12.586 12.586 12.586
a30=13.7931 12.586 12.586 12.586 12.586 13.793 13.793 13.793
a31=15 13.793 13.793 13.793 13.793 15 15 15
a32=16.2069 15 15 15 15 15 16.207 16.207
a33=17.4138 16.207 16.207 16.207 16.207 16.207 17.414 17.414
a34=18.6207 17.414 17.414 17.414 17.414 17.414 18.621 18.621
a35=19.8276 18.621 18.621 18.621 18.621 18.621 19.828 19.828
a36=21.0345 19.828 19.828 19.828 19.828 19.828 21.034 21.034
a37=22.2414 21.034 21.034 21.034 21.034 21.034 22.241 22.241
a38=23.4483 22.241 22.241 22.241 22.241 22.241 23.448 23.448
a39=24.6552 23.448 23.448 23.448 23.448 23.448 24.655 24.655
a40=25.8621 24.655 24.655 24.655 24.655 24.655 25.862 25.862
a41=27.069 25.862 25.862 25.862 25.862 25.862 27.069 27.069
a42=28.2759 27.069 27.069 27.069 27.069 27.069 28.276 28.276
a43=29.4828 28.276 28.276 28.276 28.276 28.276 29.483 29.483
a44=30.6897 29.483 29.483 29.483 29.483 29.483 29.483 30.69
a45=31.8966 29.483 30.69 30.69 30.69 30.69 30.69 31.897
a46=33.1034 30.69 31.897 31.897 31.897 31.897 31.897 33.103
a47=34.3103 31.897 31.897 33.103 33.103 33.103 33.103 34.31
a48=35.5172 33.103 33.103 34.31 34.31 34.31 34.31 35.517
a49=36.7241 34.31 34.31 35.517 35.517 35.517 35.517 36.724
a50=37.931 35.517 35.517 36.724 36.724 36.724 36.724 37.931
a51=39.1379 36.724 36.724 36.724 37.931 37.931 37.931 39.138
a52=40.3448 37.931 37.931 37.931 39.138 39.138 39.138 40.345
a53=41.5517 39.138 39.138 39.138 40.345 40.345 40.345 41.552
a54=42.7586 40.345 40.345 40.345 41.552 41.552 41.552 42.759
a55=43.9655 41.552 41.552 41.552 42.759 42.759 42.759 43.966
a56=45.1724 42.759 42.759 42.759 43.966 43.966 43.966 45.172
a57=46.3793 43.966 43.966 43.966 43.966 45.172 45.172 46.379
a58=47.5862 45.172 45.172 45.172 45.172 46.379 46.379 47.586
a59=48.7931 46.379 46.379 46.379 46.379 47.586 47.586 48.793
a60=50 47.586 47.586 47.586 47.586 48.793 48.793 48.793