Replication files for 'Slack and Cyclically Sensitive Inflation' by J.H. Stock and M.W. Watson
June 1, 2020

Data:
Data are in the Data subdirectory
(The programs read in the XLSX files. Each of these has been saved as a CSV (ASCII) file.)

Tables/Figures:
All calculations are carried using Matlab (ver. R2019a)
Programs are in the matlab directory.  (The directory m_utilities contains a set of misc utility progams. Some of these are used by the main programs.)

The following programs produce the tables and figures

Figure 1: Figure_1.m
Figure 2: Figure_2.m
Figure 3: Figure_3.m
Figure 4: Figure_4.m
Figure 5: Figure_5_6_7.m
Figure 6: Figure_5_6_7.m
Figure 7: Figure_5_6_7.m
Figure 8: Figure_8.m
Figure 9: Figure_9_Table_4.m
Figure 10: Figure_10_11.m
Figure 11: Figure_10_11.m
Figure 12: Figure 12.m
Figure 13: Figure_13_estimate_csi_rolling.m
Figure 14: Table_5_Figure_14.m
Figure 15: Table_6_Figure_15.m


Table 1: Table_1.m
Table 2: Table_2.m
Table 3: Authors' calculation/judgment
Table 4: Figure_9_Table_4.m
Table 5: Table_5_Figure_14.m  (first run estimate_csi_weights.m and estimate_csi_alternative_weights.m)
Table 6: Table_6_Figure_15.m
Table 7: Table_7.m

Footnote 12: The MC experiment is carried out in: Estimate_csi_weights_mc_benchmark.m
