Matlab codes for escape dynamics
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.
|Date of creation:||2002|
|Date of revision:|
|Contact details of provider:|| Postal: P.O. Box 442, St. Louis, MO 63166|
Web page: http://dge.repec.org/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:dge:qmrbcd:71. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christian Zimmermann)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.