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Model Processing Language Examples

Examine the Powerful Econometric Analysis Tools of the Modeleasy+  MPL

Modeleasy+
Econometric 
Tool Commands

Modeleasy+ provides the user with several high-level commands which allow complex econometric analysis of models to be done with ease. 

The STOCHSIMULATE and VECTORSIMULATE commands allow the user to perform stochastic and vector simulations of a model with a single command. The MULTIPLIERS and ELASTICITIES commands find the multipliers and elasticities for a user-selected set of endogenous variables with respect to a user-selected of exogenous variables, respectively.

Modeleasy+ has several tools that allow the user to examine the structure of the model in great detail. 

The STRUCFORM command provides the matrices of the linearized model in structural form, while the STATEFORM command provides the matrices of the linearized model in state-space form. The COEFFSENSITIVITY command allows the user to examine the senstitivity of a user-selected set of endogenous variables with respect to variations of the structural coefficients.

As with the SIMULATE command, the model should first be prepared by using the BUILDMODEL command with the optional keywords selected according to the tool being used.

The easily used syntax of the MULTIPLIERS, ELASTICITIES, and COEFFSENSITIVITY commands is shown below.

     MULTIPLIERS ( klein1, endog_list, exog_list )

     ELASTICITIES ( klein1, endog_list, exog_list )

     COEFFSENSITIVITY ( klein1, endog_list )

where the model is the Klein1 model and "endog_list" is a list of the endogenous variables desired and "exog_list" is a list of the exogenous variables desired.

The ease of use of the high-level, econometric tools provides access to powerful analysis tools with a minimum of effort by the user.

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