MODEL > naivekl

ENDOG >
         cb     _DATA
         nb     _NOTD
         kb     _NOTD
         lamb   _NOTD
         yb     _NOTD
         at     _NOTD
         ya     _NOTD
         smalla _NOTD
         one    _DTRM

EQUATION > con_eub
EQTYPE >   IMPOSED
EQ >       mbcc11*cb + mbcc12*nb = mbcs11*LAG(kb,1) + mbcs12*lamb 
                                 + mbce11*at        + mbce12*ya

EQUATION > lab_eub
EQTYPE >   IMPOSED
EQ >       mbcc21*cb + mbcc22*nb = mbcs21*LAG(kb,1) + mbcs22*lamb 
                                 + mbce21*at        + mbce22*ya

EQUATION > cap_eub
EQTYPE >   IMPOSED
EQ >       mbss011*     kb    + mbss012*LEAD(lamb,1)
         + mbss111* LAG(kb,1) + mbss112*     lamb    =
           mbsc011*LEAD(cb,1) + mbsc012*LEAD(nb,1)
         + mbsc111*     cb    + mbsc112*     nb
         + mbse011*LEAD(at,1) + mbse012*LEAD(ya,1)
         + mbse111*     at    + mbse112*     ya

EQUATION > sha_eub
EQTYPE >   IMPOSED
EQ >       mbss021*     kb    + mbss022*LEAD(lamb,1)
         + mbss121* LAG(kb,1) + mbss122*     lamb    =
           mbsc021*LEAD(cb,1) + mbsc022*LEAD(nb,1)
         + mbsc121*     cb    + mbsc122*     nb
         + mbse021*LEAD(at,1) + mbse022*LEAD(ya,1)
         + mbse121*     at    + mbse122*     ya

EQUATION > pro_fub
EQTYPE >   IMPOSED
EQ >       yb = fibk * LAG(kb,1) + fibn * nb
         + fiba * at + fibya * ya

EQUATION > sho_expb
EQTYPE >   IMPOSED
EQ >       at = rhot*LAG(at,1) + smalla

EQUATION > ya_expb
EQTYPE >   IMPOSED
EQ >       ya = rhot*LAG(ya,1)

EQUATION > shock_innov
EQTYPE >   STOCH
EQ >       smalla = 0*one

EQUATION > one
EQTYPE >   IMPOSED
EQ >       one = LAG(one,1)

END
