help:optimal moentary policy in BGG(1999)model
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Hello,everybody.
I am interested in the opitmal monetary policy with the bgg framework.
Should I take the Linear-Quadratic approximationsof the utility of the household for the plan objective ?but how?are there some paper and dynare code with details i missed?
can you help me ? thank you in advance!
I am interested in the opitmal monetary policy with the bgg framework.
Should I take the Linear-Quadratic approximationsof the utility of the household for the plan objective ?but how?are there some paper and dynare code with details i missed?
can you help me ? thank you in advance!