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	Programs for: "Optimal Inflation Targeting Rules"

	by Marc Giannoni and Michael Woodford


	in B.S. Bernanke and M. Woodford (2003), eds., "Inflation Targeting,"
	Chicago: University of Chicago Press.

	August, 2003

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Description of programs:

- fig03.m:	Generates figure 3 of paper (optimal responses to an increase in
		natural rate of interest. (Requires function irf2.m)

- fig04_5.m:	Generates figures 4 and 5 of paper (coefficients of optimal targeting
		rule (1.28)).

- varirf.m:	Estimates structural VAR in (i(t), w(t+1), pi(t+1), Y(t+1)) and 
		computes Impulse Response Functions. Generates data file vardat.mat.
		(Requires programs: dataprep.m, m2q.m)

- mest.m:	Estimates structural parameters for model of section 2 and generates
		figure 6 of paper. (Requires data files: vardat.mat, varbsdat.mat; 
		and functions: mestf.m, reds.m, irf2.m)

- tc_nberit.m: 	Computes Optimal Targeting Criteria and their components for 
		Section 3, and generates figures 7 - 17 of paper.
		(Requires file: vardat.mat)

- tc_MWbook.m: 	Computes Optimal Targeting Criteria and their components for 
		chapter 8, of "Interest and Prices" by Michael Woodford.
		(Requires file: vardat.mat)

