JMCB article

Version dynare 5. Dynare is a free software platform that can be downloaded online: https://www.dynare.org/download/

This file shows a version of the model that targets the Mehra and Prescott facts: 6.18% equity premium, 0.80% mean risk-free rate, 5.67% risk-free rate volatility. On the business cycle side, output volatility growth is 1%, consumption is half as volatile as output, whereas investment is 2.5 times as volatile as output.

Link to the the dynare 5 mod file with 3rd order and pruning