Computer Code for JMCB MS#22-227: 
"Financial Stability with Fire Sale Externalities" by Ryuichiro Izumi and Yang Li

This archive contains information about the calculations used 
to create the figures presented in the paper. 
The files included in this archive are:

a. Figure_2.m
b. Figure_3.m
c. Figure_4a.m
d. Figure_4b.m
e. Figure_5_No_Intervention.m
f. Figure_5_Intervention.m
g. Figure_5_Robust_Intervention.m
h. Figure_5_MATLAB_Data.mat
i. Figure_5_Illustration.m
j. Figure_6.m

1) Software and operating system used
These files are run by MATLAB R2023b.
The operating system is Windows 11 (Version 22H2, 64-bit operating system).

2) The order in which the programs need to run
Files a-g and j are independent and can be run in any orders.

Files e-g are used to generate the data reported in File h.
In Files e-g, please specify the value of "ws" in Line 16 in each file. File h reports the outcomes for
ws in {0.01, 0.015, 0.02, 0.025, 0.03, 0.035, 0.04, 0.045, 0.05}. Import File h before running File i.
File i illustrate these outcomes.
