Andrea Ferrero and Martin Seneca
Notes on the Underground: Monetary policy in resource-rich economy
 
To produce tables and figures in the paper, run the file:

notesUndergroundJMCBrun.m

This script produces tables and figures in the paper using the following inputs:
   - Dynare 4.3.1
   - notesUndergroundJMCBData.xlsx
   - ssfn.m (function to solve for steady state)
   - notesUndergroundJMCBmploop.dyn
   - notesUndergroundJMCBvarloop.dyn
 
The monetary policy regimes considered are

    Loop#  Short           Description
    ----   -----           -----------
    1      Discretion      Optimal policy under discretion
    2      Optimal         Optimal policy under timeless commitment
    3      ICITRL          Inertial Taylor rule in CPI inflation and mainland output level
    4      SDIT            Strict domestic inflation targeting
    5      SCIT            Strict CPI inflation targeting
    6      Peg             Strict exchange rate peg
    7      ICITRG          Inertial Taylor rule in CPI inflation and mainland output growth
    8      ICITRE          Inertial Taylor rule in CPI inflation and efficient output gap
    9      IDITRE          Inertial Taylor rule in domestic inflation and efficient output gap
    10     CITRG           Taylor rule in CPI inflation and mainland output growth
    11     CITRL           Taylor rule in CPI inflation and mainland output level
    12     CITRE           Taylor rule in CPI inflation and efficient output gap
    13     OICITRL         Optimised inertial Taylor rule in CPI inflation and output levels
    14     DITR            "Domestic inflation-based Taylor rule"
    15     CITR            "CPI inflation-based Taylor rule"
    16     DITRE           Taylor rule in domestic inflation and efficient output gap
    17     OICITRG         Optimised inertial Taylor rule in CPI inflation and output growth
    18     OICITRE         Optimised inertial Taylor rule in CPI inflation and output gap
    19     OIDITRE         Optimised inertial Taylor rule in domestic inflation and output gap
    20                     Currently like 21
    21     SNGDPGT         Strict mainland nominal GDP growth targeting

