Comparing Two Variants of Calvo-Type Wage Stickiness by Stephanie Schmitt-Grohe and Martin Uribe

Paper

Matlab Code

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

A. Second Moments Under Ramsey-Optimal Policy
ramsey_moms.m Ramsey-Optimal Second Moments
ramsey_ss.m Ramsey Steady State
ramsey_run.m First- and Second-Order Approximations to Ramsey Policy Functions
constraints.m Competitive Equilibrium Conditions
allsyms.m Declaration of symbolic variables