First thanks for your kind reply! The material you mentioned is really helpful. Actually I’m working on the model with the government sector imposing the distortionary taxation and issuing debt. So Remark 19 fits my case perfectly. I just want to clarify some small doubts.
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Is it possible that I write other variable in exp() and keep government bonds and tax rates in levels and then run the model with variables in levels and in percentage mixed together?
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Anyway I can simply write the model entirely in levels. Now I get the following moments results from simulation.
VARIABLE MEAN STD. DEV. VARIANCE SKEWNESS KURTOSIS
k 1.381102 0.045884 0.002105 0.330845 0.285354
n 0.332501 0.001285 0.000002 0.104309 0.069441
z 0.992393 0.022162 0.000491 0.151072 0.202688
c 0.278181 0.008050 0.000065 0.330593 0.267004
Y 0.520441 0.017008 0.000289 0.266787 0.224835
r_tr 0.120615 0.001565 0.000002 -0.375939 0.712287
r 0.120590 0.001724 0.000003 -0.373474 0.646802
R 1.020615 0.001565 0.000002 -0.375939 0.712287
q 0.979754 0.001203 0.000001 0.409094 0.802141
w 1.064322 0.033575 0.001127 0.209204 0.243539
w_tr 0.855896 0.026509 0.000703 0.425119 0.276798
b -1.740879 0.108770 0.011831 -0.666389 0.033384
taon 0.195887 0.005748 0.000033 -0.622081 -0.370384
taok -0.001266 0.022573 0.000510 0.048934 0.193397
Remark 19 implies that the standard deviation in percentage of tax rates, taon and taonk, should be just 0.005748 and 0.022573, respectively. But this statistics of other variables should be obtained by dividing the standard deviation here by the mean and then multiplying the result by 100%. Am I right?