Condensation

Many models have far too many variables and equations to solve in its original form. The model must be condensed to become soluble. Condensation consists of:

•substituting out matrix variables using matrix variables

•omitting exogenous variables which will not be shocked

You can view the file containing the condensation instructions: it will be of interest mainly to GEMPACK experts.

URL of this topic: www.copsmodels.com/webhelp/rundynam/hc_condensation.htm

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