Housing consumption data

# This is the procedure to follow to reproduce all tables and graphs pertaining to the article:
# Housing rare disaster events and asset prices by Messaoud CHIBANE and Patrice PONCET
# The scripts are Matlab script and can be run independently as follows or for more efficiency it can be run through a single
# script called "script_and_graph_script_matlab.m"
# All produced Tables and Figures are put in the sub directory "Findings"

Here we assume that non housing and housing consumption are driven by rare disaster events overlaying Gaussian dynamics and that the representative agent aggregates the two goods in a CES utility. Combined with recursive utility we use the model to estimate the relative risk aversion and intratemporal and intertemporal elasticity of substitution, calibrated to the equity premium, the risk-free rate and the term structure of equity premia and interest rates. Consumption data are extracted from the Bureau of Economic Analysis and financial data are coming from Kenneth French Wed site