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The following spreadsheet shows the multipliers and their 95% bands by slightly modifying the codes for
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"Understanding the Size of the Government Spending Multiplier: It's in the Sign" by Barnichon, Debortoli and Matthes (BDM, 2022)
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1. Download the BDM replication codes
(available here: https://zenodo.org/record/4716122#.Y8WRMnbMKUk)
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2. Modify multipliers.m in SUR-FAIR\FAIR_Asym
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On lines 125-126, make the following edits to get the 95% bands (instead of 90% bands)
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%moments of irfs
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upper=97.5;
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lower=2.5;
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3. run Principal_Asym_paper.m
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4. The following spreadsheet shows the output for the following variables in that order:
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MsumHor
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MsumHor_lb
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MsumHor_ub
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and the standard errors are computed as follows and are shown in the last two columns:
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stdBDM=squeeze(std(MsumS(:,:,:)))'
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