Replication files for Gali2020
mod files (main files for dynare):
- Gali_regimeA: money-financed fiscal policies
- Gali_regimeB: debt-financed fiscal policies
- Gali_regimeA_ZLB: money-financed fiscal policy in the environment of the liquidity trap
- Gali_linear: money-financed fiscal policies (linear form)
- Gali_linear_ZLB: money-financed fiscal policies in the liquidity trap (linear form)
(Files end by "_steadystate.m" are steady state solvers for each model.)
Other files:
Fun_a.m: a function to calibrate the money satiation level, i.e. "xbar", which satisfies um/uc(xbar)=h(xbar)=0.
gali.pdf: a note of the whole model.