Replication package: Ifrim et al. (2026): Persistent Global Growth Differences and EA Adjustment - Journal of International Economics

Description

This replication package contains the MATLAB and Dynare code, data files, auxiliary functions, and precomputed results needed to reproduce the main results and online appendix of “Persistent Global Growth Differences and Euro Area Adjustment: Real Activity, Trade and the Real Exchange Rate” by Adrian Ifrim, Robert Kollmann, Philipp Pfeiffer, Marco Ratto, and Werner Roeger (Journal of International Economics). The package includes a master script, Replication_RUN.m, which runs the different model specifications and generates the figures and results reported in the paper and online appendix. The code can either load the precomputed estimation and simulation results included in the package or re-estimate the models from scratch. Because full Bayesian estimation of the large-scale DSGE models is computationally intensive, the package includes saved results for fast replication. The replication files have been tested using MATLAB 2021b and Dynare 6.5. The folders contain auxiliary routines required by the replication code.

Steps to reproduce

See README file

Institutions

• European Commission

  Brussels Capital, Brussels
• Joint Research Centre

  Lombardy, Ispra
• Université Libre de Bruxelles

  Brussels Capital, Brussels
• KU Leuven

  Flanders, Leuven

Categories

Licence