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