JME Paper Replication and Examples
===================================

Replication code for "Macroeconomic Policy Games" by Martin Bodenstein,
Luca Guerrieri, and Joe LaBriola, Journal of Monetary Economics, 2019.

Instructions and further documentation: http://www.lguerrieri.com/Nash_ramsey_website/


SETUP
-----
Run setup_toolbox once from the toolbox root if not already done.  Then,
at the start of each session, run one of the following from the relevant
example subdirectory:

    run setpathdynare6_5      % Dynare 6.5
    run setpathdynare7_0      % Dynare 7.0

Both files are present in every example subdirectory.


SUBFOLDERS
----------

BBCDL_model_excl2ndorder/
    BBCDL_figure1and2.m   reproduces figures 1 and 2    (runtime: a few seconds)
    BBCDL_figure4.m       reproduces figure 4           (runtime: a few seconds)
    BBCDL_table1.m        reproduces table 1            (runtime: can be hours)

BBCDL_model_2ndorder/
    BBCDL_figure3.m       reproduces figure 3

GK_model/
    GKfigure1.m           reproduces figure 5
    GKfigure2.m           reproduces figure 6

GK_model_with_altruism/
    GKfigure3.m           reproduces figure 7

LQ_BBCDL_model/
    call_LQBBCDL.m        verifies that the linear-quadratic version of the
                          BB/CDL model matches the solution produced by the toolbox
