From Gabor Kurthy

Received from Gabor Kurthy (Corvinus University, Budapest)

“I’d like to contribute to the page by sending the solution of model REG (pp.: 170-186).

In the PDF file you will find the solution of the model. If you are interested, I can send you a more detailed paper that contains the steps of the solution and some analysis as well (I haven’t translated that paper yet).

In the Excel file you will find the model: I wrote three macros to
(1) compute different steady states by changing the parameter set (policy variables included)
(2) see the evolution from state zero to the steady state (parameters and policy variables can be changed)
(3) see the effects of different shocks after changing the parameters or the policy variables.

I hope that you will find it useful.”