Synopsis

Code associated to paper 'Credit crunches from occasionally binding bank borrowing constraints' to simulate time series and impulse response functions, report moments and plot results.

Details of Files and Models

For solving and simulating, printing results and plotting figures:

• run_simulation.m - solve and simulate model(s), using files in directory 'model'
• analysis.m - compute and display simulated moments
• plots.m - print paper figures of empirical and model data

For calibration:

• calibration.m - calibrate model shock parameters

Data:

• data/fetch_data.m - fetches data on real economy from FRED
• data/run_moments.m - report empirical moments for paper

Additional software

In combination with the supplied code, the following software was used to generate the results in the paper:

• Matlab R2018b (win)
• Dynare 4.5.6
• dynareOBC (https://github.com/tholden/dynareOBC version available 28/11/18) and dependencies
• Gurobi 8.1.0