GK structural refactor: no sovereign spread wedge + canonical CB mechanism - #33

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gk-structural-foc

Commits on Aug 5, 2026

Design spec: nominal price and wage rigidities

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4e299b7
Spec: benchmark nominal rigidities against Bi-Foerster-Traum (2026)

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acf4154
Spec: drop wage rigidity, price Phillips curves only

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dc6d2ff
Spec: add nominal deposits; route the markup rent

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d92c39f
Implementation plan: nominal rigidities

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387d5ae
Plan fix: doc gate needs all three docs, and long runs need background

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f3711bd
Plan: replace stale thresholds with the measured baseline

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9608041
refactor: single build_block_list() shared by full_model, tpi, regimes
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2015edd
feat: firm_profit_D/F routes the markup rent proportional to e
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56c7c2b
feat: price_nkpc_D/F Rotemberg Phillips curves in PPI inflation
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7e20ea9
feat: markup wedge mu_p*mc in labor_demand_D/F
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a59ea52
feat: terms_of_trade and union_inflation close the nominal side

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c956f4c
test: assert the 93/7 inflation split on exact arithmetic
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78f376d
feat: markup rent enters household income proportional to e
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46d898f
feat: mu_p, kappa_p, omega_pi_D calibration; mc retargeted to 1/mu_p
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bc15c9a
feat: seed mc, pi, profit and the global residuals into the SS solve
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6f776b9
feat: 27x27 sticky-price system; passes the kappa_p -> inf equivalence gate

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a8b6c78
Plan: record the SSJ H_Z defect, add Task 9b, correct the gate kappa

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f691864

Commits on Aug 6, 2026

fix: route every Jacobian call site through solve_jacobian_padded
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e927a7d
Task 10: price stickiness alone flips C_D[0]; record numbers and caveat

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57b9bd4
feat: nominal deposit contracts; ex-ante and ex-post real rates

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9518a02
feat: bank_return and capital_fund pay the ex-post real deposit rate
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2e4c372
feat: nominal deposits wired; Fisher channel deepens the net-worth loss
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9057b37
calib: re-tune psi_lambda_B to the 150bp spread moment under sticky prices

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151ef3d
regen: rebuild regime cache and regenerate E1-E4 on the sticky-price model

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120dcf6
docs: sticky prices and nominal deposits become the baseline

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6201216
fix: derive paper figure captions from results, regenerate artefacts

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231327c
feat: investment-flow adjustment cost S(I/I(-1)), inactive at omega_I=0

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000c632
calib: discipline rho_def by the MS regime estimate; re-tune psi_lambda_B

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ec4f862
regen: rebuild all results and figures on the MS-disciplined shock

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933344d

Commits on Aug 7, 2026

feat: country-size asymmetry — F is 11.7x D (size_F)

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77dc1c6
audit: fiscal rule and fiscal limit; regenerate artefacts; fix compression bracket

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5fe36ce
Merge: sticky prices, nominal deposits, country-size asymmetry, fiscal audit
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91ac778

Commits on Aug 17, 2026

GK refactor stage 1: bounded, exported pledgeability map

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ea23e94

Commits on Aug 19, 2026

GK structural refactor: delete the sovereign spread wedge; canonical CB mechanism

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70567ba

Commits on Aug 24, 2026

Commits on Aug 27, 2026

docs: third referee report on the introduction, and its disposition

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d0e0f79
docs: results paragraph dropped, not deferred

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149f7ca
docs: fourth referee report, on Section 2

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8735c32

Commits on Aug 28, 2026

docs: fifth referee report, on the introduction

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ba218d4
docs: correct the MTM attribution in CLAUDE.md

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51c1914