To run the code please refer to the file README.pdf by Luetticke. Certain parameters have been changed to calibrate to an economy where the steady state rate of inflation is 2% instead of 0%. Certain functions have been changed to accomodate the changes in the Taylor Rule.
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Modified version of the code in Luetticke (2021) to adapt Taylor Rule and Long Run Inflation Targets in the Framework Review
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