These codes have been implemented in Matlab 2017Ra and Dynare 4.3.3. Running them takes no more than nine seconds.
1. Dynare code for the baseline model to do the impulse response analysis: unemployment_fiscal_policy3.mod
2. Matlab code to convert job flow rates from month to annual: job_rates_mtoa.m
3. Dynare model for the baseline model to analyze the Swedish episode: unemployment_fiscal_policy3_data4.mod
4. Data with Swedish episode in matlab format: data_sweden_1991_2000_v2.mat
5. Matlab code to replicate figures 2 and 3 in the paper: main_fiscal_policy3_figures.m
6. Matlab code to replicate the figures 5-9 for the Sweden episode: main_unemployment_fiscal_policy3_data4.m

Instructions to replicate figures 2, 3, 5, 6, 7, 8, and 9 with model based simulations
Save all files in the same directory
Open Matlab
Addpath “matlab” subfolder from Dynare 4.3.3 (>> addpath('…\dynare\4.3.3\matlab') )
Run in Matlab main_fiscal_policy3_figures.m to reproduce figures 2 and 3
Run in Matlab main_unemployment_fiscal_policy3_data4.m to reproduce figures 5—9.