%%% Fiscal Progressivity and the Time Consistency of Monetary Policy
% Antoine Camous - October 2025

1) Section II
The folder 00 - Economic Environment contains the codes to generate Figures 1.a and 1.b
- run main_code.m
- run main_plots.m to generate to the figures

2) Section IV
The folder 01 - Political Economy contains the codes to generate Figures 2,3,4
- run main_code.m
- run main_plots.m to generate to the figures

3) Section V
The folder 02 - Numerical Analysis contains the code to generate Tables 2 and 3
- the file main_final. generates data_table_2.mat (provided)
- the file formattable.m loads data_table_2.mat and generates Table 2

- the file main_final_sens_anal.m generates sensitivity_analysis_i.mat (provided) for i=1,2,4,8
- the command typecode at the beginning of the code allows to compute sensitivity analysis for the associated parameters of interest
- the file main_final_sens_anal_table.m generates Table 3 for each i=1,2,4,8 to be adjusted through the typecode command

4) Online Appendix  - A.1 Intertia in redistributive fiscal structure
- To duplicate Table A.1, run stat_file_swiid.do
- Note to adjust the directory where the code is located to charge the excel file appropriately.
- Adjust year variables time_lb and time_ub 


5) Online Appendix - A.2.3 Numerical Robustness
- Open and run main_final.m to generate output02.mat (provided)
- Open an run main_final_table.m to load output02.mat and generate the table


