This directory contains the programs written and used in "R&D Shocks and News Shocks" by Ryo Jinnai.  Main files are jinnaiJMCB_one_sector.mod and jinnaiJMCB_two_sector.mod.  They are written for Dynare, and plot impulse response functions reported in the paper.  Generating artificial data sets by simulation or calculating the forecast error variance decompositions is easily implemented by changing the options of stoch_simul command.  Please consult the Dynare manual.  Two Matlab files, jinnaiJMCB_one_sector_steadystate.m and jinnaiJMCB_two_sector_steadystate.m, are called for to run the main programs on Matlab.  I apply Barsky and Sims's VAR to simulated data with the code provided by the author (Eric Sims).  Beaudry and Portier's VAR (short-run identification) is completely standard, and I implement it with RATS.  Please let me know if you have any questions.  Thank you for your interest.

Ryo Jinnai
rjinnai@econmail.tamu.edu