#-------------------------------------
# Documentation for solution codes.
#-------------------------------------
# Reference: "A Model of the Federal Funds Market: Yesterday, Today, and
# Tomorrow," by G. Afonso, R. Armenter, and B. Lester. Review of Economic
# Dynamics, forthcoming.
#------------------------------------

The codes to computes the equilibrium in the model with balance sheet and payment shocks heterogeneity can be found in folder \MATLAB. They include:
  - solve_model.m: Main code.
  - solve_function_payhet.m: Function definition for solve_model.m.
  - fit.csv: Data for the empirical distribution of balances.
 Parameter definitions are included in solve_model.m.

 Software requirements: MATLAB R2016b (9.1.0.441655), including Curve Fitting and Statistics and Machine Learning toolboxes.

The expected computation time is below one minute.

#-------------------------------------

# Documentation for code used to calculation reserve dataset.

#-------------------------------------

# Reference: "A Model of the Federal Funds Market: Yesterday, Today, and # Tomorrow," by G. Afonso, 
R. Armenter, and B. Lester. Review of Economic # Dynamics, forthcoming.

#------------------------------------



Code needed to create the reserves dataset can be found in folder \STATA. The folder includes three 
files:

- excess_reserve_calculation.do: Main code used to calculate reserves

- reserve_requirement_parameters.dta: Data used to calculate reserve requirement

- reserves_data.dta: Final reserves dataset



 Software requirements: STATA 15