/*
* This file replicates the model studied in:
* Aguiar, Mark and Gopinath, Gita (2007): "Emerging Market Business Cycles:
* The Cycle is the Trend", Journal of Political Economy, 115(1), pp. 69-102.
*
* It provides a full replication of the main results of the original paper
* for the benchmark calibration. In contrast to the agmodel.mod distributed
* with Dynare, it calibrates the debt to GDP ratio to exactly 0.1 by analytically
* computing the steady state.
*
* This mod-file shows how to deal with trend growth and how to
* recover the non-stationary variables from the detrended model variables.
*
* Notes:
* - The original paper uses theoretical HP-filtered moments for the
* non-stationary time series. As Dynare only provides theoretical HP-filtered
* moments for stationary time series, the current mod-file instead uses
* simulated moments. This results in small moments differences in the second
* digit.
* - The FOC wrt capital is simplified to a lesser degree than the one in agtrend.mod
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