Replication Data for: Optimal Monetary Policy with Search Frictions and Consumption Inequality

This repository contains the replication package for the paper "Optimal Monetary Policy with Search Frictions and Consumption Inequality". It provides the complete datasets and codebase required to fully replicate all empirical and quantitative results, including figures, tables, and footnote values presented in the main text and appendices.

Key Contents of the Package:

Empirical Data & Analysis: Includes all publicly available raw data, processed analysis data, and Stata scripts (.do files) required for data management, technology shock extraction (Stage 1), and empirical VAR model analysis.

Macroeconomic Models: Includes MATLAB scripts to simulate and evaluate various theoretical models, including Representative Agent New Keynesian (RANK) and Two-Agent New Keynesian (TANK) models under different assumptions (e.g., search and matching frictions, GHH preferences).

Master Scripts: The package is designed to be highly user-friendly. Replicators can simply execute the master scripts (all_matlab_run.m and all_stata_run.do) to automatically generate and save all outputs into designated folders (/graphics/ and /results/).

Software Requirements:

MATLAB R2025b (Requires Symbolic Math, Optimization, Statistics and Machine Learning, and Control System toolboxes)

Stata 16 (or higher)

Please refer to the README.pdf file included in the root directory for detailed step-by-step replication instructions, hardware specifications, and a comprehensive mapping of all tables and figures to their corresponding generating scripts.