Bernanke, Gertler & Gilchrist’s “The Financial Accelerator in a Quantitative Business Cycle Framework” (1999, Handbook of Macroeconomics)
Replication of the financial-accelerator model in Bernanke, B., M. Gertler, and S. Gilchrist, 1999, “The Financial Accelerator in a Quantitative Business Cycle Framework,” in Handbook of Macroeconomics, vol. 1, pages 1341–1393. The Dynare code solves and simulates the model.
Carlstrom & Fuerst’s “Agency Costs, Net Worth, and Business Fluctuations” (1997, AER)
Replication of the agency-cost business-cycle model in Carlstrom, C. T., and T. S. Fuerst, 1997, “Agency Costs, Net Worth, and Business Fluctuations: A Computable General Equilibrium Analysis,” American Economic Review, vol. 87(5), pages 893–910, December. The Dynare code solves and simulates the model.
Schmitt-Grohé & Uribe’s “Closing Small Open Economy Models” (2003, JIE)
Replication of the alternative stationarity-inducing closures for small open economy models in Schmitt-Grohé, S., and M. Uribe, 2003, “Closing small open economy models,” Journal of International Economics, vol. 61(1), pages 163–185, October. The Dynare code solves and simulates the model.
Replication of the local projections in Jordà, Ò., and A. M. Taylor, 2025, “Local Projections,” Journal of Economic Literature, 63(1): 59–110. The Matlab code reproduces the impulse response functions in Figures 5a and 6a using the VAR Toolbox.
Antolín-Díaz & Rubio-Ramírez’s “Narrative Sign Restrictions for SVARs” (2018, AER)
Replication of the VAR identified with narrative sign restrictions in Antolín-Díaz, J., and J. F. Rubio-Ramírez, 2018, “Narrative Sign Restrictions for SVARs,” American Economic Review, 108(10): 2802–2829. The Matlab code reproduces the impulse response functions in Figures 5 and 6 using the VAR Toolbox.
Replication of the VAR identified using high-frequency surprises around policy announcements as external instruments in Gertler, M., and P. Karadi, 2015, “Monetary Policy Surprises, Credit Costs, and Economic Activity,” American Economic Journal: Macroeconomics, 7(1): 44–76. The Matlab code reproduces the impulse response functions in Figure 1 using the VAR Toolbox.
Uhlig’s “What are the Effects of Monetary Policy on Output?” (2005, JME)
Replication of the monetary VAR identified with sign restrictions in Uhlig, H., 2005, “What are the effects of monetary policy on output? Results from an agnostic identification procedure,” Journal of Monetary Economics, vol. 52, pages 381–419. The Matlab code reproduces the impulse response functions in Figure 6 using the VAR Toolbox.
Replication of the trivariate VAR in James H. Stock & Mark W. Watson, 2001, “Vector Autoregressions,” Journal of Economic Perspectives, vol. 15(4), pages 101–115, Fall. The Matlab code reproduces the impulse response functions in Figure 1 and the forecast error variance decomposition in Table 1.B using the VAR Toolbox.
Blanchard & Quah’s “The Dynamic Effects of Aggregate Demand and Supply Disturbances” (1989, AER)
Replication of the bivariate VAR (with real GDP growth and unemployment data) in O. Blanchard and D. Quah, 1989, “The Dynamic Effects of Aggregate Demand and Supply Disturbances,” American Economic Review, vol. 79(4), pages 655–73, September. The Matlab code reproduces the impulse response functions in Figures 1 and 2 using the VAR Toolbox.