%CCRC_SS.M % Takes Kss and BETTA1 as given function [RSTAR, SIG, OMEGA, BETTA1, ALFA, MU, z, PAIZ, KAPA, Kss, QQss, Css, Hss, LAss, Ass, Yss, BETTAss] = ccrc_ss; [RSTAR,SIG,OMEGA,BETTA1,ALFA,MU,z,PAIZ, Kss, KAPA] = cc_ss1; WKss=1-MU*(1-(1/RSTAR)); %This is the adjustment due to the working capital constraint Hss = ((1-ALFA) * WKss * Kss^ALFA)^(1/(ALFA+OMEGA-1)); Yss = Kss^ALFA * Hss^(1-ALFA); Css = RSTAR^(1/BETTA1) - 1 +Hss^OMEGA/OMEGA; COMP = Css-(Hss^OMEGA)/OMEGA; %This is a shorcut for the composite good Ass = (Css-Yss*WKss) / (1/RSTAR - 1); Uss = COMP^(1-SIG)/(1-SIG); UCss = (Css-Hss^OMEGA/OMEGA)^(-SIG); %Marginal Utility of Consumption LAss = UCss; BETTAss=(1+Css-Hss^OMEGA/OMEGA)^(-BETTA1); QQss = (1/(RSTAR-1))*ALFA*((Hss/Kss)^(1-ALFA))*WKss; %%%%%%%%%%%%%% %CC_SS1.M % Takes Qss=1 and Ass/Yss=ALFA_a given function [RSTAR,SIG,OMEGA,BETTA1,ALFA,MU,z,PAIZ, Kss, KAPA] = cc_ss1; KAPA = .10; RSTAR = 1.04; SIG = 2; OMEGA = 1.455; ALFA_a=0.5; ALFA = 0.32; MU = 0;%0.2; %Productivity shock ZH = 0.0258; ZL = -ZH; z = [ZL;ZH]; %Transition Probability matrix PAIZHH = 0.71; PAIZLL=PAIZHH; PAIZHL=1-PAIZHH; PAIZLH=1-PAIZLL; PAIZ = [PAIZLL PAIZLH;PAIZHL PAIZHH]; WKss=1-MU*(1-(1/RSTAR)); %This is the adjustment due to the working capital constraint Kss= ( ((RSTAR-1)/(ALFA*WKss)) * (((1-ALFA)*WKss)^((ALFA-1)/(ALFA+OMEGA-1))))^((ALFA+OMEGA-1)/((OMEGA-1)*(ALFA-1))); Hss = ((1-ALFA) * WKss * Kss^ALFA)^(1/(ALFA+OMEGA-1)); Yss = Kss^ALFA * Hss^(1-ALFA); BETTA1 = log(RSTAR) / log(Yss*WKss + ALFA_a*Yss*(1/RSTAR-1) - (Hss^OMEGA)/OMEGA + 1);