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Code files for "Revisiting the Welfare Effects of Eliminating Business Cycles"

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Author Info

  • Per Krusell

    (Princeton University)

  • Toshihiko Mukoyama

    (University of Virginia)

  • Aysegul Sahin

    (Federal Reserve Bank of New York)

  • Anthony A. Smith, Jr.

    (Yale University)

Abstract

Fortran codes to replicate results in the article. The programs are divided into two folders. One contains the two-employment-state case, and the other contains the three-employment-state case. Each contains a subfolder for the benchmark economy with fluctuations and a subfolder for one transition experiment: starting from (k=11.2 & z=b) for the two-state case and (k=11.3 & z=b) for the three-state case. The input files for the experiments are also contained. We include only one transition experiment to reduce the file size---the codes for all the other experiments are almost identical.

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File URL: http://www.EconomicDynamics.org/codes/08/08-211/readme.txt
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File URL: http://www.EconomicDynamics.org/codes/08/08-211/KMSSprograms.zip
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Bibliographic Info

Software component provided by Review of Economic Dynamics in its series Computer Codes with number 08-211.

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Date of creation: 2008
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Handle: RePEc:red:ccodes:08-211

Note: We would like to acknowledge that some routines are taken from the Numerical Recipes for Fortran 77 and some routines are given to us from Sun-Bin Kim (and possibly modified by us). All errors are ours.
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