Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies

Principal Investigator(s): View help for Principal Investigator(s) Julio Carrillo, Banco de Mexico; Enrique Mendoza, University of Pennsylvania; Victoria Nuguer, Inter-American Development Bank; Jessica Roldán-Peña, Casa de Bolsa Finamex

Version: View help for Version V3

Name	File Type	Size	Last Modified
Models			04/17/2020 02:53:PM
Old-Codes			04/17/2020 02:49:PM
ReplicaCodes_revision			04/17/2020 03:03:PM
_auxiliaryfiles			04/17/2020 02:54:PM

Project Citation:

Carrillo, Julio, Mendoza, Enrique, Nuguer, Victoria , and Roldán-Peña, Jessica. Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies. Nashville, TN: American Economic Association [publisher], 2021. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2021-06-18. https://doi.org/10.3886/E117504V3

Project Description

Summary: This project contains replica codes of all tables and figures presented in the paper and appendix of "Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies". Among these files, you will find those containing the model we used to conduct our analysis (compatible with Dynare version 4.5.x), as well as the solver algorithms to compute the model’s long-run equilibrium using Matlab’s parallel computing toolbox, and Andreasen, Fernández-Villaverde and Rubio-Ramírez (2017)’s pruning algorithm to solve the stochastic steady state of the model. You will also find some pre-loaded results in case you want to jump directly into replicating the paper’s figures and tables.

Scope of Project

Subject Terms: monetary policy; financial policy; Coordination of policymakers

JEL Classification:
      E44 Financial Markets and the Macroeconomy
      E52 Monetary Policy
      E58 Central Banks and Their Policies

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Published Versions

V3 [2021-06-18]

V2 [2020-02-03]

V1 [2020-02-03]

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