The files in this directory were used in my evaluation
of the SVAR procedure of 

   Jordi Gali and Pau Rabanal 
   ``Technology Shocks and Aggregate Fluctuations:
     How Well Does the RBC Model Fit Postwar US Data?''
     NBER Macroeconomic Annual 2004

The main codes generating the results in my comment are
(1) cgg.m, which is the Clarida-Gali-Gertler Taylor rule
and is used to generate shocks to money and (2) triple.m,
which is a code used to compute equilibria for the 
``triple sticky'' model.  See appendix2  for details
on the model.

Ellen McGrattan
June 2004


FILE             BRIEF DESCRIPTION
----             -----------------
appendix2.*      Appendix describing a sticky model with habit persistence
figure4.*        Comparison of GDP in data and model
figure5.*        Comparison of inflation in data and model
res_triple.m     Subroutines with first-order conditions
triple.m         Main code for computing equilibria
tripless.m       Steady state of sticky model
util.m           Subroutine with utility function
./cgg            Subdirectory with data and code to back out CGG shocks

NOTE: The figures are slightly different from those used in
my talk at the macro annual.  For the earlier pictures, I used
different parameters for the model.  For the data, I had used
federal fund rates averaged over the quarter.  Here, to be consistent
with CGG, I use the average of the rate in the first month of 
each quarter.