ramsey_policy

ramsey_policy — computes the first order approximation of the policy that maximizes the policy maker objective function (see planner_objective) submitted to the constraints provided by the equilibrium path of the economy

Synopsis

ramsey_policy [(OPTION [, OPTION...])] [VARIABLE_NAME...] ;

Options

All options for stoch_simul, plus:

planner_discount = DOUBLE

Declares the discount factor of the central planner. Default: 1.0

Note that only first order approximation is available (i.e. order=1 must be specified).