Some Resources for Economists

Here i provide codes to simulate some popular Dynamic Stochastic General Equilibrium models using the package Dynare and links to some free databases, statistical packages, and working paper archives.

Dynare Codes

Real Business Cycle (RBC) Models

  • The Basic RBC model (Cooley and Prescott, 1995), text file 
  • The Indivisible Labor model (Hansen,1985), text file 
  • The Time to Build model (Kydland and Prescott, 1982), text file 
  • The Investment-Specific Technological Change (Greenwood et al, 2000), text file
  • The Household Production Model (Benhabib et al, 1991, Greenwooed et al, 1995) text file1, text file 2

Monetary Business Cycle Models 

  • The Inflation Tax model (Cooley and Hansen, 1998),  text file
  • The Endogenous Money RBC model (Gavin and Kydland, 1999), text file
  • The Inflation and Tax Code model (Gavin, Kydland, and Pakko, 2007), text file
  • The Sticky Price model with Rigity a la Calvo (Amano, Ambler, and Rebei, 2007), text file
Other codes are available on Dynare's website [here] and on Johannes Pfeifer's website [here].

Databases 

Canada 
European Union
  • European Commission- Eurostat 
  • Organisation for Economic Cooperation and Development- Statistics
United Kingdom
  • Office for National Statistics (ONS)
United States
West Africa
World Data

Statistical Packages 


Working Paper Archives 



References  

Amano, R,  S Ambler, and N  Rebei (2007) The Macroeconomic Effects of Nonzero Trend Inflation, Journal of Money, Credit and Banking, 39(7), pp 1831-38.
Benhabib, J, R Rogerson, and R Wright (1991) Homework in Macroeconomics: Household Production and  Aggregate Fluctuations, Journal of Political Economy, 99(6), pp1166-1187 [pdf].
Cooley, T F and E C Prescott (1995) Economic Growth and Business Cycles, Frontiers of Business Cycle Research, chapter 1, pp 1-38,
Cooley, T F and G D Hansen (1998) The Role of Monetary Shocks in Equilibrium Business Cycle Theory, European Economic Review, vol 42, pp 605-17 [pdf].
Gavin, W T and F E Kydland (1999) Endogenous Money Supply and the Business Cycle, Review of Economic Dynamics, vol 2, pp 347-69 [pdf].
Gavin, W T, F E Kydland, and M R Pakko (2007) Monetary Policy, Taxes, and the Business Cycle, vol 54, pp 1587-611 [pdf].
Greenwood, J, Z Hercovitz,  P Krusell (2000) The  Role of Investment-Specific Technological Change in the Business Cycle, The American Economic Review, 44(1), pp 91-115 [pdf].
Greenwood, H, R Rogerson, and R Wright (1995) Household Production in the Business Cycle Theory, Frontiers of Business Cycle Research, pp 157-74.
Hansen, G D (1985) Indivisible Labor and the Business Cycle, Journal of Monetary Economics, vol 16(3), pp 309-327 [pdf].
Kydland , F E and E C Prescott (1982) Time to Build and Aggregate Fluctuations, Econometrica,  vol 50(6), pp 1345-70 [pdf].