Currently, you may download two GAUSS programs and two MATLAB programs from this page. Both programs solve the real business cycle model of Christiano and Eichenbaum (1992). (See also Binder and Pesaran, 1995). The programs RBCQDE.PRG (GAUSS) and RBCQDE.M (MATLAB) solve this model using the quadratic determinantal equation method, and the programs RBCFRM.PRG (GAUSS) and RBCFRM.M (MATLAB) solve this model using the fully recursive method suggested in this paper. To run either one of the GAUSS programs, you will also need to download the procedure MATPOW.G.

The programs available on this page have been used and seem to be free of errors. Please feel free to copy, modify, and use these programs. However, we (Michael Binder and M. Hashem Pesaran) do not assume responsibility for any remaining errors. In no event shall we be liable for any damages whatsoever arising out of the use of or inability to use these programs.

If you do download any of these programs for your own research or teaching, please let us know briefly about the type of model you are trying to solve by sending e-mail to mbinder@wiwi.uni-frankfurt.de. This is simply to let us know where and for which purposes the programs have been used. Thank you.

The programs are documented fairly extensively. If you are not sure about some step in some program, please re-read the paper carefully. However, if you do find any error, please send us e-mail to the above address. We are grateful to Adrian Pagan for comments on an earlier version of these programs.

Finally, please note that the programs have been written so as to be easily understood and modifiable by users. This means, in particular, that the programs are not optimized for speed of execution. The programs in their current form are therefore not intended for any comparison of the solution method suggested in our paper with other solution methods suggested in the literature.
 

Download the MATLAB Programs:

• RBCQDE.M
• RBCFRM.M