GK Model
========

Replicates results from "Macroeconomic Policy Games" by Martin Bodenstein,
Luca Guerrieri, and Joe LaBriola, Journal of Monetary Economics, 2019.


PAPER OUTPUT REPLICATED
-----------------------
GKfigure1.m   figure 5
GKfigure2.m   figure 6


SUPPORTING FILES
----------------
The base decentralized model is rbcb_monprud.mod.  The variant
rbcb_monprud_nobias.mod excludes the biases in the regulators' objectives
relative to the representative agent's utility.

All Nash and Ramsey .mod files in this directory were generated by the
toolbox from those two base files using convertmodfiles.  The specific
convertmodfiles calls used to produce each .mod file are listed in the
comments at the top of GKfigure1.m and GKfigure2.m.
