https://github.com/alanlujan91/distributionofwealthmpc

The Distribution of Wealth and the Marginal Propensity to Consume

https://github.com/alanlujan91/distributionofwealthmpc

Science Score: 18.0%

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    Low similarity (10.6%) to scientific vocabulary
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Repository

The Distribution of Wealth and the Marginal Propensity to Consume

Basic Info
  • Host: GitHub
  • Owner: alanlujan91
  • Language: PostScript
  • Default Branch: master
  • Size: 30 MB
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  • Stars: 1
  • Watchers: 0
  • Forks: 0
  • Open Issues: 0
  • Releases: 0
Fork of econ-ark/DistributionOfWealthMPC
Created over 3 years ago · Last pushed over 2 years ago
Metadata Files
Readme Citation

README.md

cstwMPC Replication Made using the ARK

To replicate estimates and output like those in the paper:

  1. Install Anaconda for Python 3
  2. In the Anaconda terminal (Windows) or Unix-like terminal (other OS):
    • Navigate to the root of this repository
    • run conda env update -f binder/environment.yml
    • run conda activate ./condaenv
  3. Run Spyder, and open ./domin, ./domid.py, ./doall.py, or ./docustom.py
  4. Run the code by clicking the green arrow button.

Alternatively, you can execute any of the files from the command line, e.g.

`ipython do_min.py`

Running do_min.py will estimate two simple specifications of the model, with no aggregate shocks.

This takes a few minutes to run-- approximately 10-15 minutes on a typical computer.

Running do_mid.py will estimate the two main specifications reported in the paper

This takes several hours to run.

Running do_custom.py will let you choose exactly which model to estimate

Progress will be printed to screen when these files are run.

Releases

Releases of this repository represent archival versions of the repository. They are guaranteed to work and to reproduce the paper results up to a level of tolerance (see 'Testing changes' below).

The master branch is a "development branch" with some unpinned dependencies.

Testing changes

This REMARK is versioned. It will be updated with new releases of HARK.

To test whether recent changes in the dependencies have significantly changed the substantive results, run the test script after running do_min.py:

python Code/Tests/test_results.py

This script compares the results in the output test file with target values. It will report any results that are outside of a threshold of tolerance.

Owner

  • Name: Alan Lujan
  • Login: alanlujan91
  • Kind: user
  • Location: Rockville, MD
  • Company: The Ohio State University

PhD candidate at The Ohio State University working on heterogeneous agent models and quantitative macroeconomics.

Citation (CITATION.cff)

cff-version: 1.1.0
message: If you use this software, please cite it as below.
authors:
  - family-names: Benthall
    given-names: Sebastian
    orcid: https://orcid.org/0000-0002-1789-5109
  - family-names: Carroll
    given-names: Christopher
references:
  - type: article
    authors:
      - family-names: Carroll
        given-names: Christopher
      - family-names: Slacalek
        given-names: Jiri
      - family-names: Tokuoka
        given-names: Kiichi
      - family-names: White
        given-names: Matthew
    title : "The distribution of wealth and the marginal propensity to consume"
    journal: Quantitative Economics
    year: 2017
    doi: https://doi.org/10.3982/QE694
title: "The distribution of wealth and marginal propensity to consume REMARK"
version: 1.0
#doi: 
date-released: 2021-xx-xx

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