This subdirectory contains codes used for

   ``An Equilibrium Model of the Business Cycle with 
     Household Production and Fiscal Policy'' by 
     Ellen R. McGrattan, Richard Rogerson, and Randall Wright

Below we give a brief description of the files.  Further
details are in the paper and at the top of the main routines.
Please read the README_SOMETIPS file if you plan to use or
modify them.

For examples with geometric growth:

  est0495.m       .M file with final estimates and standard errors 
  est0495.mat     .Mat file with final estimates and standard errors
  hpdata8.dat     Data file
  hpmle.m         Likelihood function and gradient
  hpse.m          Standard errors
  runmle.m        Calls minimization routine
  runse.m         Calls program to compute standard errors

For examples with HP-filtered data:

  est0495f.m      .M file with final estimates and standard errors 
  est0495f.mat    .Mat file with final estimates and standard errors
  hpfilt.m        Likelihood function and gradient
  hpfse.m         Standard errors
  runfilt.m       Calls minimization routine
  runfse.m        Calls program to compute standard errors

Subroutines called:

  hp7u.m          Utility function
  sshp4b.m        Steady-state first-order conditions
  grad7.m         Gradient of state vector

Routines for minimization:

  uncmin.m        unconstrained minimization routine (see options inside)
  umlnmin.m       subroutine of uncmin.m
  umstop.m        subroutine of uncmin.m