Paper (July 2006)
NBER WP 11854 (November 2005) version
Technical Appendix
Slides
Computing Ramsey Equilibria in Medium-Scale Macroeconomic Models,
by Stephanie
Schmitt-Grohe and Martin
Uribe.
Matlab Code
Note: (1) Matlab's Symbolic Math Toolbox is required. (2) The code for solving DGE models to first and second order provided at the bottom of this page is required
Ramsey Steady State
ramsey_ss.m (run this program to compute the steady state)
deep_parameters.m
constraints.m
allsyms.m
Ramsey Dynamics:
Unconditional Second Moments:
ramsey_moments.m
Impulse Response Functions:
ramsey_ir.m
Optimal Operational Interest-Rate Rule: competitive_optimal.m
Auxiliary Programs
First-order approximation
gx_hx.m
Second-order approximation
gxx_hxx.m
gss_hss.m
Obtaining and evaluating the derivatives of f
anal_deriv.m
num_eval.m