BBCDL Model (second-order)
==========================

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


PAPER OUTPUT REPLICATED
-----------------------
BBCDL_figure3.m   figure 3


HOW TO RUN
----------
1. Run setup_toolbox once from the toolbox root if not already done.
2. Open MATLAB with this directory as the working directory.
3. Run setpathdynare6_5 (Dynare 6.5) or setpathdynare7_0 (Dynare 7.0).
4. Run BBCDL_figure3.


SUPPORTING FILES
----------------
BBCDL_figure3.m calls two helper scripts to loop over welfare calculations:

    call_conditional_welfare_shadow_loop_nash.m
    call_conditional_welfare_shadow_loop_ramsey.m

These scripts in turn use shadow .mod files (shadow_nash.mod,
shadow_ramsey.mod) that were generated by the toolbox from
BBCDLmodelcomp.mod.  Detailed instructions for regenerating those files
are in the comments at the top of BBCDL_figure3.m.
