start
change in potential growth from 2012Q4 to 2016Q3

ans =

    0.0538

average GDP growth 2013 -- 2016 minus 2007 -- 2012 

ans =

    0.1431

severity of recession

ans =

   -0.0791

average revision: (mean(y_tg(12)) - log(gamma))*4

ans =

   -0.0274

change in CAB: 2009Q4 -- 2012Q4

ans =

    0.0028

change in potential output growth: 2009Q4 -- 2012Q4

ans =

   -0.3694

growth_fore_err

growth_fore_err =

   -0.0536

main_calibration_km_fiscal
start
change in potential growth from 2012Q4 to 2016Q3

ans =

    0.0354

average GDP growth 2013 -- 2016 minus 2007 -- 2012 

ans =

    0.1216

severity of recession

ans =

   -0.1029

average revision: (mean(y_tg(12)) - log(gamma))*4

ans =

   -0.0368


xw_RE =

    0.0094
    0.2857
    0.0046

ini_con_RE

ini_con_RE =

   -0.0042    0.0041    0.0038         0

ini_con_RE

ini_con_RE =

   -0.0042    0.0081    0.0071         0

ini_con_RE

ini_con_RE =

   -0.0042    0.0120    0.0101         0

ini_con_RE

ini_con_RE =

   -0.0120    0.0157    0.0126         0

ini_con_RE

ini_con_RE =

   -0.0120    0.0270    0.0218         0

ini_con_RE

ini_con_RE =

   -0.0120    0.0380    0.0298         0

ini_con_RE

ini_con_RE =

   -0.0120    0.0487    0.0368         0

ini_con_RE

ini_con_RE =

         0    0.0592    0.0426         0

ini_con_RE

ini_con_RE =

         0    0.0576    0.0368         0

ini_con_RE

ini_con_RE =

         0    0.0562    0.0311         0

ini_con_RE

ini_con_RE =

         0    0.0547    0.0256         0

ini_con_RE

ini_con_RE =

         0    0.0533    0.0204         0

ini_con_RE

ini_con_RE =

         0    0.0519    0.0153         0

ini_con_RE

ini_con_RE =

         0    0.0506    0.0105         0

ini_con_RE

ini_con_RE =

         0    0.0493    0.0058         0

ini_con_RE

ini_con_RE =

         0    0.0480    0.0013         0

ini_con_RE

ini_con_RE =

         0    0.0468   -0.0030         0

ini_con_RE

ini_con_RE =

         0    0.0456   -0.0071         0

ini_con_RE

ini_con_RE =

         0    0.0444   -0.0111         0

ini_con_RE

ini_con_RE =

         0    0.0433   -0.0149         0

ini_con_RE

ini_con_RE =

         0    0.0422   -0.0185         0

ini_con_RE

ini_con_RE =

         0    0.0411   -0.0220         0

ini_con_RE

ini_con_RE =

         0    0.0401   -0.0254         0

ini_con_RE

ini_con_RE =

         0    0.0390   -0.0286         0

ini_con_RE

ini_con_RE =

         0    0.0380   -0.0316         0

ini_con_RE

ini_con_RE =

         0    0.0371   -0.0346         0

ini_con_RE

ini_con_RE =

         0    0.0361   -0.0374         0

ini_con_RE

ini_con_RE =

         0    0.0352   -0.0401         0

ini_con_RE

ini_con_RE =

         0    0.0343   -0.0426         0

ini_con_RE

ini_con_RE =

         0    0.0334   -0.0451         0

ini_con_RE

ini_con_RE =

         0    0.0326   -0.0474         0

ini_con_RE

ini_con_RE =

         0    0.0317   -0.0496         0

ini_con_RE

ini_con_RE =

         0    0.0309   -0.0517         0

ini_con_RE

ini_con_RE =

         0    0.0302   -0.0538         0

ini_con_RE

ini_con_RE =

         0    0.0294   -0.0557         0

ini_con_RE

ini_con_RE =

         0    0.0286   -0.0575         0

ini_con_RE

ini_con_RE =

         0    0.0279   -0.0592         0

ini_con_RE

ini_con_RE =

         0    0.0272   -0.0609         0

ini_con_RE

ini_con_RE =

         0    0.0265   -0.0624         0

change in CAB: 2009Q4 -- 2012Q4

ans =

    0.0036

change in potential output growth: 2009Q4 -- 2012Q4

ans =

   -0.4832

growth_fore_err

growth_fore_err =

   -0.0762


xw_RE =

    0.0094
    0.2857
    0.0046

ini_con_RE

ini_con_RE =

   -0.0042    0.0041    0.0038         0

ini_con_RE

ini_con_RE =

   -0.0042    0.0081    0.0071         0

ini_con_RE

ini_con_RE =

   -0.0042    0.0120    0.0101         0

ini_con_RE

ini_con_RE =

   -0.0120    0.0157    0.0126         0

ini_con_RE

ini_con_RE =

   -0.0120    0.0270    0.0218         0

ini_con_RE

ini_con_RE =

   -0.0120    0.0380    0.0298         0

ini_con_RE

ini_con_RE =

   -0.0120    0.0487    0.0368         0

ini_con_RE

ini_con_RE =

         0    0.0592    0.0426         0

ini_con_RE

ini_con_RE =

         0    0.0576    0.0368         0

ini_con_RE

ini_con_RE =

         0    0.0562    0.0311         0

ini_con_RE

ini_con_RE =

         0    0.0547    0.0256         0

ini_con_RE

ini_con_RE =

         0    0.0533    0.0204         0

ini_con_RE

ini_con_RE =

         0    0.0519    0.0153         0

ini_con_RE

ini_con_RE =

         0    0.0506    0.0105         0

ini_con_RE

ini_con_RE =

         0    0.0493    0.0058         0

ini_con_RE

ini_con_RE =

         0    0.0480    0.0013         0

ini_con_RE

ini_con_RE =

         0    0.0468   -0.0030         0

ini_con_RE

ini_con_RE =

         0    0.0456   -0.0071         0

ini_con_RE

ini_con_RE =

         0    0.0444   -0.0111         0

ini_con_RE

ini_con_RE =

         0    0.0433   -0.0149         0

ini_con_RE

ini_con_RE =

         0    0.0422   -0.0185         0

ini_con_RE

ini_con_RE =

         0    0.0411   -0.0220         0

ini_con_RE

ini_con_RE =

         0    0.0401   -0.0254         0

ini_con_RE

ini_con_RE =

         0    0.0390   -0.0286         0

ini_con_RE

ini_con_RE =

         0    0.0380   -0.0316         0

ini_con_RE

ini_con_RE =

         0    0.0371   -0.0346         0

ini_con_RE

ini_con_RE =

         0    0.0361   -0.0374         0

ini_con_RE

ini_con_RE =

         0    0.0352   -0.0401         0

ini_con_RE

ini_con_RE =

         0    0.0343   -0.0426         0

ini_con_RE

ini_con_RE =

         0    0.0334   -0.0451         0

ini_con_RE

ini_con_RE =

         0    0.0326   -0.0474         0

ini_con_RE

ini_con_RE =

         0    0.0317   -0.0496         0

ini_con_RE

ini_con_RE =

         0    0.0309   -0.0517         0

ini_con_RE

ini_con_RE =

         0    0.0302   -0.0538         0

ini_con_RE

ini_con_RE =

         0    0.0294   -0.0557         0

ini_con_RE

ini_con_RE =

         0    0.0286   -0.0575         0

ini_con_RE

ini_con_RE =

         0    0.0279   -0.0592         0

ini_con_RE

ini_con_RE =

         0    0.0272   -0.0609         0

ini_con_RE

ini_con_RE =

         0    0.0265   -0.0624         0

main_calibration_km_fiscal
start
change in potential growth from 2012Q4 to 2016Q3

ans =

    0.0354

average GDP growth 2013 -- 2016 minus 2007 -- 2012 

ans =

    0.1216

severity of recession

ans =

   -0.1029

average revision: (mean(y_tg(12)) - log(gamma))*4

ans =

   -0.0368


xw_RE =

    0.0094
    0.2857
    0.0046

change in CAB: 2009Q4 -- 2012Q4

ans =

    0.0036

change in potential output growth: 2009Q4 -- 2012Q4

ans =

   -0.4832

growth_fore_err

growth_fore_err =

   -0.0762


xw_RE =

    0.0094
    0.2857
    0.0046

main_calibration_km_fiscal
start
change in potential growth from 2012Q4 to 2016Q3

ans =

    0.0354

average GDP growth 2013 -- 2016 minus 2007 -- 2012 

ans =

    0.1216

severity of recession

ans =

   -0.1029

average revision: (mean(y_tg(12)) - log(gamma))*4

ans =

   -0.0368

change in CAB: 2009Q4 -- 2012Q4

ans =

    0.0036

change in potential output growth: 2009Q4 -- 2012Q4

ans =

   -0.4832

growth_fore_err

growth_fore_err =

   -0.0762

main_calibration_km_fiscal
start
change in potential growth from 2012Q4 to 2016Q3

ans =

    0.0159

average GDP growth 2013 -- 2016 minus 2007 -- 2012 

ans =

    0.0440

severity of recession

ans =

   -0.0367

average revision: (mean(y_tg(12)) - log(gamma))*4

ans =

   -0.0126

change in CAB: 2009Q4 -- 2012Q4

ans =

   -0.0035

change in potential output growth: 2009Q4 -- 2012Q4

ans =

   -0.1945

growth_fore_err

growth_fore_err =

   -0.0261

main_calibration_km_fiscal
