Source code for macrostat.models.NK3E.nk3e
"""
NK3E model class for the New Keynesian 3-Equation model.
Source: A New Keynesian 3-Equation Model — https://macrosimulation.org/a_new_keynesian_3_equation_model
"""
__author__ = ["Mitja Devetak"]
__credits__ = ["Mitja Devetak"]
__license__ = "MIT"
__maintainer__ = ["Mitja Devetak"]
import logging
from macrostat.core.model import Model
from macrostat.models.NK3E.behavior import BehaviorNK3E
from macrostat.models.NK3E.parameters import ParametersNK3E
from macrostat.models.NK3E.scenarios import ScenariosNK3E
from macrostat.models.NK3E.variables import VariablesNK3E
logger = logging.getLogger(__name__)
[docs]
class NK3E(Model):
"""NK3E model class for the New Keynesian 3-Equation model.
Description: A compact three-equation New Keynesian framework with an IS
curve (goods demand), a New Keynesian Phillips curve (price-setting), and a
monetary policy rule. Together these describe the joint dynamics of output,
inflation, and the real interest rate.
Source: A New Keynesian 3-Equation Model —
https://macrosimulation.org/a_new_keynesian_3_equation_model
"""
version = "NK3E"
[docs]
def __init__(
self,
parameters: ParametersNK3E | None = ParametersNK3E(),
variables: VariablesNK3E | None = None,
scenarios: ScenariosNK3E | None = None,
*args,
**kwargs,
):
"""Initialize the NK3E model.
Parameters
----------
parameters: ParametersNK3E | None
The parameters of the model. If None, default parameters will be used.
variables: VariablesNK3E | None
The variables of the model. If None, default variables will be used.
scenarios: ScenariosNK3E | None
The scenarios of the model. If None, default scenarios will be used.
"""
if parameters is None:
parameters = ParametersNK3E()
if variables is None:
variables = VariablesNK3E(parameters=parameters)
if scenarios is None:
scenarios = ScenariosNK3E(parameters=parameters)
super().__init__(
parameters=parameters,
variables=variables,
scenarios=scenarios,
behavior=BehaviorNK3E,
*args,
**kwargs,
)
