Code files for "Finite State Markov-chain Approximations to Highly Persistent Processes"

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Macroeconomics and Household Heterogeneity (2016, background): “See Hagedorn, Karahan, Manovskii and Mitman (2013) and Hagedorn, Manovskii and Mitman (2015) for an analysis of the effects of unemployment benefit extensions on vacancy creation and employment.”
The Power of Forward Guidance Revisited (2016, unknown): “11 Kopecky and Suen (2010) prove that the Rouwenhorst method can match the conditional and unconditional mean and variance, and the first-order autocorrelation of any stationary AR(1) process. rates to be 0.73.”
Solving the Diamond–Mortensen–Pissarides model accurately (2017, background): “4Kopecky and Suen (2010) also note that the performance of the Tauchen (1986) method is extremely sensitive to the choice of the free parameter that determines the range of the discrete state space.”
Modelling the demand for housing over the life cycle (2012, background): “Examples include the model of Ortalo-Magné and Rady (2006) in which the assumption is an analytical convenience, and computational contributions such as Li and Yao (2007), Cocco (2005), Yao and Zhang (2005) and Campbell and Hercowitz (2004).”