adjust DiscFac defaults to quarterly. See #197

sbenthall · Mar 21, 2023 · 9140b17 · 9140b17
1 parent c15f1e3
commit 9140b17
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Showing 2 changed files with 3 additions and 3 deletions.
diff --git a/simulate/parameters.py b/simulate/parameters.py
@@ -59,7 +59,7 @@ def build_population(agent_type, parameters, rng=None, dphm=1500):
 
 whiteshark_continuous_dist_params = {
     "CRRA": Uniform(bot=2, top=10),
-    "DiscFac": Uniform(bot=0.936, top=0.978),
+    "DiscFac": Uniform(bot=0.984, top=0.994),
     "RiskyAvg": Uniform(bot=0.9, top=1.5),
     "RiskyStd": Uniform(bot=-0.07, top=0.37),
 }
@@ -98,7 +98,7 @@ def build_population(agent_type, parameters, rng=None, dphm=1500):
     "PermShkStd": [0],
     ### These are placeholders that will be set when the system is set up.
     "CRRA": 5,
-    "DiscFac": 0.96,
+    "DiscFac": 0.99,
     "ex_post": None,  # ex post heterogeneous parameters over which to merge solutions
 }
 

diff --git a/simulate/run_any_simulation.py b/simulate/run_any_simulation.py
@@ -69,7 +69,7 @@ def default(self, obj):
 # Choose which population
 parser.add_argument('--population', help='Which simulation. Options: WHITESHARK, LUCAS0', default = "LUCAS0")
 parser.add_argument('--pop_CRRA', help='Mean population CRRA. Used for MockMarket and LUCAS0 population.', default = "5")
-parser.add_argument('--pop_DiscFac', help='Mean population CRRA. Used for MockMarket and LUCAS0 population.', default = "0.96")
+parser.add_argument('--pop_DiscFac', help='Mean population CRRA. Used for MockMarket and LUCAS0 population.', default = "0.99")
 
 parser.add_argument('--dividend_growth_rate', help='Market: daily average growth rate of the dividend', default = 1.000628)
 parser.add_argument('--dividend_std', help='Market: daily standard deviation fo the dividend', default = 0.011988)