- In this folder, you can find a set of files that generates the main results in the paper, that is, posterior estimates and quasi-marginal likelihoods of the GNKPC presented as the equation (1) in the paper. - Software and operating system used: MATLAB R2016a; Windows 10 Pro - Last modified: 2/20/2022 "main.m" runs the Bayesian GMM to estimate the model. This file uses procedures collected in the subfolders (Mfiles). - For alternative models, specify a model file in the "Set-up" part (3) in the "main.m". Model files that replicate results in the paper are contained in the "model_files" folder. - Computation time: approximately 120 minutes for the three sample periods: "great inflation era", "post-great inflation era" and "full sample (great inflation era + post-great inflation era)", using a laptop with Intel(R) Core(TM) i5-5250U CPU @ 1.60GHz and RAM 8.00 GB. The data sheet "data_GKS" in the "USdata_GKS.xlsx" is the input data.