about the planner_objective_value in ramsey rule

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about the planner_objective_value in ramsey rule

Postby leelane » Fri Jan 17, 2014 5:04 am

Hi everyone,
I want to get the planner_objective_value after the command 'ramsey_policy'. According to the dynare manual, the value is stored in 'oo_.planner_objective_value'.
however, after I ran the 'oo_.planner_objective_value', dynare said:

Reference to non-existent field 'planner_objective_value'.

the version used is dynare 4.2.5. I don't know how to fix it. Is there sth wrong with the command 'oo_.planner_objective_value' or the dynare version?

Any help will be appreciated!
leelane
 
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Joined: Fri Oct 05, 2012 7:59 am

Re: about the planner_objective_value in ramsey rule

Postby jpfeifer » Fri Jan 17, 2014 8:18 am

Please try 4.4 and if it still does not work (or provide a specific error message), send me the mod-file.
------------
Johannes Pfeifer
University of Cologne
https://sites.google.com/site/pfeiferecon/
jpfeifer
 
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Location: Cologne, Germany

Re: about the planner_objective_value in ramsey rule

Postby leelane » Fri Jan 17, 2014 9:37 am

Hi, jpfeifer
Thanks for your quick reply. It works now,and the results are like this:

Approximated value of planner objective function
- with initial Lagrange multipliers set to 0: -11.7258
- with initial Lagrange multipliers set to steady state: -12.4355

I remember in dynare 4.2.5, it will give the steadystate value of Lagrange multipliers, but now, it will not after running the mode file, isn't it?
and how will i explain and choose the two planner objective values?

thanks for your time again!
leelane
 
Posts: 14
Joined: Fri Oct 05, 2012 7:59 am


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