

There are 3 dofiles. 
The dataset used throught the analysis is the EFIGE dataset that can be obtained upon request from Bruegel.
https://www.bruegel.org/publications/datasets/efige/

From this dataset, we prepare the data and produce dataset base4facts.dta, 
which is then used to produce the stylized facts and the regression analysis 

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-- 1.build_datset.do 
Aim: prepare the data for the empirical analysis 
Input: EfigeDataset.dta (available upon request at Brugel) 
Outputs: base4facts.dta, Figures 1 and C1 

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-- 2.facts
Aim: stylized facts on PCP, LCP, and Hedging
Input: base4facts.dta 
Outputs: Figures 3, C2, 3, 4, + facts on commodities

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-- 3.regressions
Aim: analyze the determinants of PCP    
Input: base4facts.dta 
Outputs: Tables 2, 3, 4, 5 and C1

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