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EconSolider/Gali2020_money_financed_fiscal

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Replication files for Gali2020
mod files (main files for dynare):

  1. Gali_regimeA: money-financed fiscal policies
  2. Gali_regimeB: debt-financed fiscal policies
  3. Gali_regimeA_ZLB: money-financed fiscal policy in the environment of the liquidity trap
  4. Gali_linear: money-financed fiscal policies (linear form)
  5. 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.

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Replication files for Gali(2020)JME

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