Replication files for Caramp, N. and Feilich, E. "Monetary Policy and Government Debt", forthcoming in the Journal of Money, Credit, and Banking.

The replication files are grouped into five folders.

do - Contains Stata programs for replicating the paper's empirical exercises found in section 5. The file "main.do" is the only file that needs to be executed, which calls other programs and data files as needed. The user needs only modify line 4 to indicate the root directory of choice. 

dta - Contains source and cleaned data files. The program "clean.do" pulls data from FRED, and merges additional data. To pull data from FRED, line 6 must be modified to include a FRED API key, which can be obtained at no cost at https://fred.stlouisfed.org/docs/api/api_key.html.

est - Stores estimates from local projection exercises for robustness testing.

log - Contains log files for the "main.do" program described above.

out - Stores figures generated by "main.do" and the programs it calls.

In case of further questions, please contact Ethan Feilich at "ethan.feilich@treasury.gov".