“…We choose the same parameter values for the rate of depreciation, δ, and the weekly discount factor, β, used in Eichenbaum, Rebelo, and Trabandt (2020). In addition, we revise the coefficients in the adjustment cost for investment as suggested in Katayama and Kim (2018) on a weekly basis. Following Bigio, Zhang, and Zilberman (2020), we set σ, a parameter governing the substitutability between two types of consumption goods, as 1.8.…”