Economics 281B - Topics in Empirical Macroeconomics
Professor Valerie Ramey
Winter 2014 - 2nd Half
For Wednesday March 12:
For Monday March 10:
For Wednesday March 5:
From Monday March 3:
For Wednesday February 26:
Project #1 Due Friday Feb. 28, 10 am.
(Note: Some students have had trouble getting the program to converge with capital taxes if z is calibrated to 0. My program works with z = 0.1, others have had success setting z = 1.)
For Wednesday February 19:
Please have Dynare loaded on your computer.
Data for Government Spending VARs
(Please make sure you have software that can run a basic VAR using a Choleski decomposition for identification.)
For Wednesday February 12:
Follow-up from class:
1. A nice demonstration of the Shapiro-Watson method for imposing long-run restrictions is available in Appendix A of Francis-Owyang-Theodorou-2003
2. A documented version of the Stata program I used to test for instrument relevance in a Gali-type SVAR is available here and the data are here
3. In class, I said that Dynare requires the capital stock to be defined to be the end of the period capital stock. There was a question about whether that is still true in the latest version of Dynare. It is still true for the default; however, one can now change the default. To read more about it, see the manual at page 14.
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For Monday February 10: