clear; clc; close all; N = 50000; % number of agents to simulate T = 61*4; % number quarters to live, from 25 to 85 kz = 7; % nodes for z ke = 3; rhoz = 0.9908; sz = 0.0761; se = 0.4869; time = (1 : 1 : T)'; lambdat = 0.07982636 - 0.02322307 * (time/4 + 25) + 0.00105409 * (time/4 + 25).^2 - 0.00001028 * (time/4 + 25).^3; x = [rhoz; sz; se ]; lb = [0.975; 0.03; 0.3]; ub = [0.997; 0.15; 0.8]; ftarget = @(x) incomemoments(x, N, T, lambdat, kz, ke); ftarget(x) %{ switch 'simplex' case 'ga' gaoptions = gaoptimset('Display', 'off','UseParallel', 'always', 'InitialPopulation', x'); x = ga(@(x)ftarget(x), size(x, 1), [], [], [], [], lb, ub, [], gaoptions); case 'simplex' x = neldmead_bounds(@(x)ftarget(x), x, lb, ub); case 'particleswarm' options = optimoptions('particleswarm', 'Display', 'off', 'MaxTime', 100, 'UseParallel', true, 'InitialSwarm', x', 'SwarmSize', 200); x = particleswarm(ftarget, numel(x), lb', ub', options); %this function complains if I give it a structure as input case 'patternsearch' options = optimoptions('patternsearch','Display','off', 'UseParallel', true); x = patternsearch(ftarget, x, [], [], [], [], lb, ub, [], options); end se = (1 - 0.55)^(1/2)*se; % Krueger Perri (2011) show 55% of the variance of trans compon is measurement error so subtract %}