The state code includes four do-files and a separat file with mata code

do files:

Application_PPML_EE_2025.do
produces Tables 5 and 6 in the paper

Application_PPML_EE_2025_leverage_batch_1.do
produces lervage_fast_1.dta

Application_PPML_EE_2025_leverage_batch_2.do
produces lervage_fast_2.dta

Leverage_graph_1.do
produces the graphs in the paper

mata file:
mata_procedures_EE_2025.do

The stata code handles big matrices and needs large memory. They Jobs ran on a server with 
stata MP 32 cores and 1024 GB memory. The first do-file takes more 20 hours to run.  

If the batch-files are used. The log command in the do-files should be "commented out"
