Replication Package for: Energy price shocks, unemployment, and monetary policy.

Description

The .m files reproduce the main figures in the paper, calling the .mod files in Dynare. 'PolRule.mod' and 'OptPol.mod' are used to reproduce the baseline results under policy-rules and the optimal policy of Figures 2-3-4 and of the counterfactual in Figure D2 in the Appendix. 'OptPol_effwd.mod', 'OptPol_ineffwdc.mod', 'OptPol_Ss.mod' are the mod files required to perform the decomposition of Figure 5. 'PolRule_riskaverse.mod' and 'OptPol_riskaverse.mod' are used to reproduce the results of the counterfactual of Figure D1 in the Appendix. 'PolRule_CES.mod' and 'OptPol_CES.mod' are used to reproduce the results of the counterfactual of Figure D3 in the Appendix.

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