Economics at your fingertips  

Matlab codes for escape dynamics

Andrea Gerali () and Francesco Lippi

QM&RBC Codes from Quantitative Macroeconomics & Real Business Cycles

Abstract: 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.

Language: Matlab
Date: 2002
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) program code (application/x-matlab)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

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 ().

Page updated 2019-07-09
Handle: RePEc:dge:qmrbcd:71