Discussion of “LAND-PRICE DYNAMICS AND MACROECONOMIC FLUCTUATIONS” by ZHENG LIU, PENGFEI WANG, AND TAO ZHA (Econometrica, 2013)

Overhead slides.

Dynare code to reproduce calculations and graph in the discussion: simply execute LZW_dynare.mod using Dynare. The equilibrium conditions are derived in equilibrium_conditions.pdf, which is included in the zip file with the code.