Coding for this paper was done in MATLAB (R2018b) and Stata (SE 15.1), both run on the Windows 10 operating system. To replicate our results, please keep the file folder structure unchanged and follow the instruction below step by step. If there is any mistake or typo, feel free to contact Wei Jin (by email wei.jin.economics@gmail.com). Your feedback would be greatly appreciated by us.
Refer to the readme file for detailed steps on how to replicate the paper.
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