REPLICATION FILES for "Quantitative Easing and Direct Lending in Response to the COVID-19 Crisis" (JMCB # 22-240) accepted for publication in the Journal of Money, Credit and Banking on January 7, 2024. 

The files use MATLAB R2022a and Dynare version 5.1.

The main file is the MATLAB script "mainscript.m", which calls the MATLAB scripts "irfscript.m" and "printscript.m" and the Dynare model file "bondpurchases6.mod". 

Place all files in a folder accessible to MATLAB and Dynare. Run "mainscript.m" to display the values of Table 1 (first, column 4, and then column 3) and to plot Figures 1-4. 




