This directory contains codes used to generate data for Jermann and Quadrini's (2012)
model.  The variables of interest here are hours of work and the implied labor wedge.
Two parameter sets are considered.  The original parameters in their article and 
alternative parameters consistent with the original K/Y and B/Y from the JQ dataset.
The alternative has a smaller capital share and, as a result, a larger mean of the
financial shock.


February 2017