KrusellSmith

This is a Replication of Krusell and Smith, 1998.

To reproduces all the results of the paper, you can

Use nbreproduce (requires Docker to be installed on the machine).

# Clone this repository
$ git clone https://github.com/econ-ark/KrusellSmith

# Change working directory to KrusellSmith
$ cd KrusellSmith

# Install nbreproduce
$ pip install nbreproduce

# Reproduce all results using nbreproduce
$ nbreproduce

Install a local conda environment and execute the Jupyter notebook.

$ conda env create -f environment.yml
$ conda activate krusellsmith
# execute the script to create figures
$ cd Code/Python
$ ipython KrusellSmith.py

References

Krusell, P., & Smith, Jr, A. A. (1998). Income and wealth heterogeneity in the macroeconomy. Journal of political Economy, 106(5), 867-896.