Code for "Optimal monetary and exchange rate frameworks for commodity-exposed economies"

This repository contains the replication package for "Optimal monetary and exchange rate frameworks for commodity-exposed economies" by Thomas Drechsel, Micheal McLeay, Silvana Tenreyro and Enrico D. Turri, published in the Journal of International Economics. The archive includes all code needed to reproduce all 7 tables and 14 figures in the paper and its appendices. Figure 1 is a hand-drawn model diagram and is not generated by code; it is nevertheless supplied in the package as output/figure 1.pdf. Every other figure is produced by the code. The README file provides step-by-step instructions for replication, including required software and package versions, the order in which scripts should be run, and a table mapping each figure and table in the manuscript to the corresponding replication file.