Dear all,
I am trying to use Dynare++ to solve optimization problem with epstein -zin preferences (similar to Colacito Croce 2012) in Dynare ++.
How should I enter the objective function? It seems taking clue from Dynare++ user guide that once we enter the objective function and discount factor, dynare++ automatically considers it to be a infinite horizon problem with separable utility.
Because the example in user guide deals with separable utility function, I am not sure how can I modify that for recursive preferences.
Should I enter objective as U and define U in the model block?
Can anybody help?
Thanks
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Recursive Preferences in Dynare ++
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Recursive Preferences in Dynare ++
by japoorva » Mon Feb 10, 2014 3:18 pm
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Re: Recursive Preferences in Dynare ++
by jpfeifer » Mon Feb 10, 2014 3:47 pm
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Re: Recursive Preferences in Dynare ++
by japoorva » Fri Feb 14, 2014 5:10 pm
Hi,
Thanks for the reply. I understand how to enter lagged expectation. My precise question was how to enter utility function in "Objective Block" .
Thanks in advance
Thanks for the reply. I understand how to enter lagged expectation. My precise question was how to enter utility function in "Objective Block" .
Thanks in advance
- japoorva
- Posts: 6
- Joined: Tue Apr 23, 2013 11:14 pm
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