# Arellano 2008 replication
**URL:** https://discourse.vfitoolkit.com/t/arellano-2008-replication/702
**Category:** Uncategorized
**Created:** [September 7, 2026, 10:30pm UTC](https://discourse.vfitoolkit.com/t/arellano-2008-replication/702 "2026-09-07T22:30:50Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@kamecon](https://discourse.vfitoolkit.com/u/kamecon)
#### Post date: [September 7, 2026, 10:30pm UTC](https://discourse.vfitoolkit.com/t/arellano-2008-replication/702/1 "2026-09-07T22:30:50Z")
Hi!
I was under the impression that there was a replication of Arellano’s (2008) _Default Risk and Income Fluctuations in Emerging Economies_ paper using the VFI toolkit somewhere in the GitHub repo, but I haven’t been able to find it.
Was there actually a replication of the paper, or am I just imagining things? 😄
Thanks, Kamal.
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### Author:  [@robertdkirkby](https://discourse.vfitoolkit.com/u/robertdkirkby)
#### Post date: [September 8, 2026, 12:06am UTC](https://discourse.vfitoolkit.com/t/arellano-2008-replication/702/2 "2026-09-08T00:06:01Z")
Unfortunately just imagined.
I took a look at Arellano (2008) as it has been a long time since I read it, it requires implementing semi-exogenous state in InfHorz. I might try do this and with luck I’ll be back next month to turn imagination into memory 🙂
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### Author:  [@kamecon](https://discourse.vfitoolkit.com/u/kamecon)
#### Post date: [September 8, 2026, 1:44pm UTC](https://discourse.vfitoolkit.com/t/arellano-2008-replication/702/3 "2026-09-08T13:44:54Z")
Thank you, Robert! It’s been a while since I last used the toolbox, but I’m planning to revisit a project using it, so maybe I’ll be able to lend you a hand with this paper. 🙂
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### Author:  [@robertdkirkby](https://discourse.vfitoolkit.com/u/robertdkirkby)
#### Post date: [September 8, 2026, 7:51pm UTC](https://discourse.vfitoolkit.com/t/arellano-2008-replication/702/4 "2026-09-08T19:51:50Z")
Welcome back Kamal 🙂 I’m non-stop with teaching from now until early October, but once that is done I will see if I can get the needed features implemented. Would be nice to add Arellano 2008 to the stable of models the toolkit solves.