Optimal Simple and Implementable Monetary and Fiscal Rules, by Stephanie Schmitt-Grohe and Martin Uribe

Journal of Monetary Economics Version
Expanded Version (July 2006)
Slides

Matlab Code

Notes: (1) Matlab programs require Matlab's Symbolic Math Toolbox (2) Matlab programs require the Schmitt-Grohe/Uribe second-order approximation package

readme.txt (brief tutorial)

A. No Fiscal Policy

A.1. Ramsey Equilibrium
ramsey_ss.m
ramsey_run.m
ramsey_f.m
ramsey_foc.m
allsyms.m
constraints.m
structural_parameters.m
link_ba_cu_fu.m

A.2. Competitive Equilibrium
competitive_run.m
competitive_f.m
competitive_optimized.m
moments.m

B. Fiscal Policy

B.1. Ramsey Equilibrium
ramsey_ss.m
ramsey_run.m
ramsey_f.m
ramsey_foc.m
allsyms.m
constraints.m
structural_parameters.m
link_ba_cu_fu.m

B.2. Competitive Equilibrium
competitive_run.m
competitive_f.m
competitive_optimized.m
moments.m