Code
BHLP Model Code, Version 1.0 (Barthelemy Bonadio, Zhen Huo, Andrei Levchenko and Nitya Pandalai-Nayar)
BHLP Model Code, Version 1.0 (Barthelemy Bonadio, Zhen Huo, Andrei Levchenko and Nitya Pandalai-Nayar)
This package presents the model description and the code to implement the Bonadio-Huo-Levchenko-Pandalai-Nayar (BHLP) model. The BHLP model is a multi-country, multi-sector general-equilibrium global network model with flexible labor supply, suitable to study international propagation of business cycle shocks. It is built in successive steps in Huo, Levchenko, and Pandalai-Nayar (2019), Bonadio et al. (2021), and Bonadio et al. (2023). Please cite these three papers if you use the code in your own work. The user manual and the code are provided as a public service. We do not guarantee absence of errors in either the user manual or in the code. Please contact us with corrections and suggestions.