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