US_FGKR15 Replication

+ last change: 2017-03-16

+ "Run" executes authors' code to reproduce Figure 7 from the paper: IRFs to a Fiscal Volatility Shock

+ Employs original code from the authors. Additional replication code is available through the authors' websites and
  American Economic Review website.

+ Requires "Curve Fitting Toolbox" and Dynare version 4.4.3

+ literature:

    -J. Fernández-Villaverde, P. Guerrón-Quintana, K. Kuester, and J. Rubio-Ramirez. Fiscal
        volatility shocks and economic activity. American Economic Review, 105(11):3352–84, November 2015.