Computer code for:
Endogenous Money, Inflation, and Welfare

Espen Henriksen
Department of Economics, University of California, Santa Barbara
espen@econ.ucsb.edu

Finn E. Kydland
Department of Economics, University of California, Santa Barbara
kydland@econ.ucsb.edu

The file main.m calls the functions:
1. sscalib.m which calibrates the model.
   Returns the structural technological and behavioral parameters of the 
   model, and other policy-invariant variables.
   Calls this function: ssvalues.m
2. compres.m calculates the steady-state equilibrium values of the 
   endogenous variables as the rate of inflation changes.
   Returns the matrix results
   Calls these functions: phibisect.m, cbisect.m and cbisectb.m.
3. plotres.m analyzes and plots how the values of key variables change 
   as the rate of inflation changes.
   Uses the matrix results as input.
4. costred.m calculates the steady-state equilibrium values of the 
   endogenous variables for lower values of the two transaction technology 
   parameters phi and gamma.
   Returns the matrix results_cr
   Calls these functions: phibisectcr.m, and cbisectcr.m .
5. plotcr.m analyzes and plots how the values of key variables change as 
   the transaction technologies improve.
   Uses the matrix results_cr as input.