Hi,
I'm using ramsey_policy command and I want to know how to interpret the policy and tansition function, especially the mult_i(-1) variable.
What it means???
Thanks!
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Ramsey Policy and transition Function
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Ramsey Policy and transition Function
by reduardo » Thu Jan 24, 2013 9:06 pm
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Re: Ramsey Policy and transition Function
by SébastienVillemot » Wed Feb 13, 2013 10:42 am
The mult_i(-1) variable is a Lagrange multiplier. See http://www.dynare.org/summerschool/2012 ... day_mj.pdf for more theoretical background on this.
Sébastien Villemot
Economist at OFCE – Sciences Po
Economist at OFCE – Sciences Po
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