This directory contains files used to do the maximum likelihood
estimation for the period 1901-1940 in
Business Cycle Accounting
Staff Report 328
by V.V. Chari, Patrick Kehoe, and Ellen McGrattan
The output files runmle1.out and runmle1cu.out summarize the
results. For full details on computation and estimation, see
the appendix in directory ./tex/appendices.
FILE DESCRIPTION
------------ ----------------------------------------------------
./data Directory with data files and details on data sources
batch command for running batch
initpw.m Computes MLE estimates for 1901--2000 to initialize postwar
mle1.m Likelihood function, benchmark model, used for 1901-40
mle1_check.m A check on computation of equilibrium in mle1.m
mle1adj.m Likelihood function, model with adjustment costs
mle1cu.m Likelihood function, variable capital utilization
mlese1.m Version of mle1.m used in computing standard errors
mlese1adj.m Version of mle1adj.m used in computing standard errors
mlese1cu.m Version of mle1cu.m used in computing standard errors
res_adjust.m FOCs for adjustment-cost model
res_wedge.m FOCs for benchmark model
restart*.m Restart files used when bootstrap draw implies no equilibrium
runmle1.m Computes MLE estimates and standard errors
runmle1.mat Workspace for runmle1.m
runmle1.out Output from runmle1.m
runmle1cu.* Analogue of runmle1 for variable capital utilization model
runmle1adj.* Analogue of runmle1 for adjustment-cost model
runmle1adje.* Analogue of runmle1 for extreme adjustment-cost model
usdata.m Constructs time series based on raw NIPA data
uszvar1.dat Data input for MLE, 1901-1940
wedges.m Computes wedges used in ./depression/setup.m
wedgesadj.m Computes wedges used in ./depression/setupadj.m
wedgescu.m Computes wedges used in ./depression/setupcu.m
Ellen McGrattan
October, 2006