Matlab codes for escape dynamics
Andrea Gerali () and
QM&RBC Codes from Quantitative Macroeconomics & Real Business Cycles
A set of matlab programs simulate the escape dynamics described in `The Conquest of American Inflation' (Princeton University Press, 1999) by Thomas Sargent. The programs are very useful for promoting intuition about the random events and endogenous forces that promote the escape from Nash to Ramsey inflation. The progams simulate the static version of the model described by Cho, Williams, and Sargent (2001, available on this web page). The programs work in matlab 5 and probably in matlab 6. The programs use a more general version of the model, in which a weight b for the policy maker's weight on inflation (which is, in Cho, Williams, and Sargent and Sargent (Conquest, 1999), both set equal to 1). Gerali and Lippi have a forthcoming paper in which they study the effects of variations of this parameter on the nature and frequency of escapes from Nash. To run the programs, type Escape, then respond to questions.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://dge.repec.org/codes/gerali/ program code (application/x-matlab)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:dge:qmrbcd:71
Access Statistics for this software item
More software in QM&RBC Codes from Quantitative Macroeconomics & Real Business Cycles Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().