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View Code? Open in Web Editor NEWA Toolkit for Computing Constrained Optimal Policy Projections
License: GNU General Public License v3.0
A Toolkit for Computing Constrained Optimal Policy Projections
License: GNU General Public License v3.0
_______ _______ _______ _______ | ___ | | ___ | | ___ | | ___ | ______ | | |_| | | | | | | | | | | | | | ____| | | | | | | | |___| | | |___| | | |____ | | _ | | | | | _____| | _____| |____ | | |___| | | |___| | | | | | ____| | |_______| |_______| |_| |_| |______| A Toolkit for Computing Constrained Optimal Policy Projections Version 1.1 de Groot, Mazelis, Motto, Ristiniemi ECB Working Paper 2021 No. 2555 https://ideas.repec.org/p/ecb/ecbwps/20212555.html Copyright (C) de Groot, Mazelis, Motto, Ristiniemi This program is free software: you can redistribute it and/or modify it under the terms of the GNU General Public License as published by the Free Software Foundation, version 3 of the License. This program is distributed in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the GNU General Public License for more details. You should have received a copy of the GNU General Public License along with this program. If not, see <https://www.gnu.org/licenses/>. -------------------------------------------------------------- For further information, visit https://github.com/COPPsToolkit/COPPs -------------------------------------------------------------- Content: A. Files 1: License agreement, see LICENSE.txt 2: A manual that describes how to produce COPPs with new models and additional options, see COPPs_Manual_v1p1.pdf. 3: Run_COPPS.m can be copied to be used as a template. It provides a simple example that runs optimal policy projections for the Smets and Wouters model without constraints. 4: Replication files for all figures in the working paper. Open the script Fig_XY_PaperVersion.m related to chart XY and execute. The Matlab paths to the optimization toolbox and Dynare need to be set manually. 5: Replication file for Table D.1 in the working paper on computational times. Open the script Tab_1.m and execute. 6: Change log, see CHANGELOG.txt B. Folders 1: \Toolkit includes the core files required to execute any Constrained Optimal Policy Projection. 2: \Models contains several folders with dynare mod-files and related datafiles, which are drawn on in the computation of COPPs. 3: \IndividualProjections includes all individual COPPs scripts that are drawn on for the replication of figures in the working paper. 4: \MiscReplication provides the mod-files that compute optimal policy via the Lagrangian approach.
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