This directory contains the main figures and tables for

   Business Cycle Accounting
   Econometrica
   by V.V. Chari, Patrick Kehoe, and Ellen McGrattan

Instructions are given below to generate all of the results.



 * Instructions to Generate Figures for the Great Depression
   ---------------------------------------------------------

     For Figures 1-4 and A3
        % cd ./sr328/depression
        % matlab 
          >> benchplots

     For Figures 9-12
        % cd ./sr328/depression
        % matlab 
          >> caputplots

     For Figures 13-14
        % cd ./sr328/depression
        % matlab 
          >> adjcostplots

 * Instructions to Generate Figures for the 1982 Recession
   -------------------------------------------------------

     For Figures 5-8 and A4
        % cd ./sr328/mleqtrly
        % matlab 
          >> pwbca

     For Figures 13-14
        % cd ./sr328/mleqtrly
        % matlab 
          >> pwbca_adj 
        (Note that users can choose (1) no adjustment costs, (2) BGG
         level of costs, or (3) 4 times the BGG level) 

 * Instructions to Generate Tables
   -------------------------------

     For Table I, Top
        % cd ./sr328/mleannual
        % matlab 
          >> runmle1

     For Table I, Bottom
        % cd ./sr328/mleqtrly
        % matlab 
          >> runmle1

     For Table A1
        % cd ./sr328/depression
        % matlab 
          >> runmle1cu

     For Table A2
        % cd ./sr328/depression
        % matlab 
          >> runmle1adj

     For Table A3
        % cd ./sr328/depression
        % matlab 
          >> runmle1adje

     For Table A4
        % cd ./sr328/mleqtrly
        % matlab 
          >> runmleadj

     For Table A5
        % cd ./sr328/mleqtrly
        % matlab 
          >> runmleadj

 * Instructions to Generate Figures in the Appendix
   ------------------------------------------------

     For Figures A1-A2
        % cd ./sr328/mleannual
        % matlab 
          >> usdata
        (Note: The results are in matrix long)

     For Figures A3-A4, see instructions above

     For Figure A5
        % cd ./sr328/depression
        % cp bench.dat.case10 bench.dat
        % matlab
          >> benchsim

     For Figure A6
        % cd ./sr328/depression
        % matlab
          >> caputplots
    
     For Figure A7
        % cd ./sr328/mleqtrly/tauk
        % matlab
          >> pwbca_tauk

     For Figure A8
        % cd ./sr328/mleqtrly/tauk
        % matlab
          >> pwbca_test