The files in this directory were used to replicate
the empirical impulse responses in 

   Comment on Gali and Rabanal's 
   ``Technology Shocks and Aggregate Fluctuations:
     How Well Does the RBC Model Fit Postwar US Data?''

I also use data for the aggregate US economy to compute
empirical impulse responses.

Ellen McGrattan
June 2004


FILE             BRIEF DESCRIPTION
----             -----------------
bquah.m          Apply Blanchard-Quah procedure
bquah.pdf        Notes for the equations in bquah.m
bquah.tex        Notes for the equations in bquah.m
bquahboot.m      Call bquah.m and then compute boot-strapped errors
drawz.m          Compute statistics for GR technology
figure1.dat      Hours figure computed with gr_ir (w/ randn('seed',1004))
gali.csv         Data for nonfarm business used by Gali-Rabanal
gali.xls         Data for nonfarm business used by Gali-Rabanal
gr_ir.m          Compute empirical impulse responses
hptrend.m        Compute HP-filtered trend and residual
prescott.csv     Hours data from CPS
prescott.pdf     Documentation for prescott.csv
nipa116.csv      NIPA table 1.16 which contains real GDP