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questions about OSR

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questions about OSR

Postby azuo1001 » Mon Jul 02, 2012 7:39 am

I know that OSR can compute the coeffections for policy that minimize loss function, but I want to know:
1. whether it can compute the coeffections for policy that will maximize the household life time utility? because i want to compare the results whit Ramsey policy's results.
2.if i write the weights by the minus of household utility second order approximity, can i compare the results of OSR whit Ramsey policy's?
3. if my model is log-linearized, when i write the planer objective(in the Ramsey policy flamwork), whether i have to write objective function by the household utility second order approximity?

Thank you for any reply!
azuo1001
 
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Joined: Mon Jan 09, 2012 10:56 am
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